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A necessary condition for international portfolio diversification to be beneficial is that O The various national market returns are perfectly positively correlated. O The various
A necessary condition for international portfolio diversification to be beneficial is that O The various national market returns are perfectly positively correlated. O The various national market returns are perfectly negatively correlated. O The various national market returns exhibit low correlation. O The various national market returns exhibit high correlation o The various national market returns exhibit correlations that are non-unity
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