Given the returns over the 1988-2013 period, what has been the correlation between these markets?YearDevelopedEmerging198824.0%40.4%198917.2%65.0%1990-16.5%-10.6%199119.0%59.9%1992-4.7%11.4%199323.1%74.8%19945.6%-7.3%199521.3%-5.2%199614.0%6.0%199716.2%-11.6%199824.8%-25.3%199925.3%66.4%2000-12.9%-30.6%2001-16.5%-2.4%2002-19.5%-6.0%200333.8%56.3%200415.2%26.0%200510.0%34.5%200620.7%32.6%20079.6%39.8%2008-40.3%-53.2%200930.8%79.0%201012.3%19.2%2011-5.0%-18.2%201216.5%18.6%201327.4%-2.3% What is the correct answer, among below?0.230.440.790.670.91Help me with this. Thank you.

In the given case, we have provided the returns on developed and emerging markets and the number of…

Answered: Given the returns over the 1988-2013…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.1.1MBA

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Given the returns over the 1988-2013 period, what has been the correlation between these markets?

Year	Developed	Emerging
1988	24.0%	40.4%
1989	17.2%	65.0%
1990	-16.5%	-10.6%
1991	19.0%	59.9%
1992	-4.7%	11.4%
1993	23.1%	74.8%
1994	5.6%	-7.3%
1995	21.3%	-5.2%
1996	14.0%	6.0%
1997	16.2%	-11.6%
1998	24.8%	-25.3%
1999	25.3%	66.4%
2000	-12.9%	-30.6%
2001	-16.5%	-2.4%
2002	-19.5%	-6.0%
2003	33.8%	56.3%
2004	15.2%	26.0%
2005	10.0%	34.5%
2006	20.7%	32.6%
2007	9.6%	39.8%
2008	-40.3%	-53.2%
2009	30.8%	79.0%
2010	12.3%	19.2%
2011	-5.0%	-18.2%
2012	16.5%	18.6%
2013	27.4%	-2.3%

What is the correct answer, among below?

0.23

0.44

0.79

0.67

0.91

Help me with this. Thank you.

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