Expected return of the X security is 12% and its standard deviation is 20%. Expected return of the Y security is 15% and its standard deviation is 27%. If, the correlation coefficient of the two...

Expected return of the X security is 12% and its standard deviation is 20%. Expected return of the Y security is 15% and its standard deviation is 27%. If, the correlation coefficient of the two securities is 0.7; then, what is the covariance between these two securities?

A)
0.038

B)
0.070

C)
0.018

D)
0.013

E)
0.054