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3. Which of the following statements is FALSE? a. Positive covariance means that asset returns move together. b. A zero covariance implies there is no

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3. Which of the following statements is FALSE? a. Positive covariance means that asset returns move together. b. A zero covariance implies there is no relationship between two variables. c. If two assets have perfect negative correlation, it is impossible to re- portfolio's overall variance. d. The covariance is equal to the correlation coefficient times the standard de the first stock times the standard deviation of the second stock

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