Year      AT&T Stock Returns       Market Index Returns  1                         8                                        6  2                         7                                        3  3                         10                                     12  4                         14                                     13  5                         8                                        9                                             Compute the correlation coefficient between AT&T and the Market Index. Enter answer using 3 decimal places. Example 0.123

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
8th Edition
ISBN:9781285065137
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
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Year      AT&T Stock Returns       Market Index Returns

 1                         8                                        6

 2                         7                                        3

 3                         10                                     12

 4                         14                                     13

 5                         8                                        9

                                           

Compute the correlation coefficient between AT&T and the Market Index.

Enter answer using 3 decimal places. Example 0.123

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