The covariance of two securities is
A)equal to the variance of one security divided by the variance of the second security.
B)zero when the securities are positively related.
C)expressed as a squared value.
D)limited to a range of 0 to +1.
E)unaffected by any changes in the probabilities of various states of the economy occurring.

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The Answer of The covariance of two securities is
A)equal to the variance of one security divided by the variance of the second security.
B)zero when the securities are positively related.
C)expressed as a squared value.
D)limited to a range of 0 to +1.
E)unaffected by any changes in the probabilities of various states of the economy occurring.

The Covariance of Two Securities Is