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Assume the sample correlation coefficient for the two return series is +0.6. This tells us that over the sample period, when one of these stocks
Assume the sample correlation coefficient for the two return series is +0.6. This tells us that over the sample period, when one of these stocks went up, the other was roughly equally likely to be _________________________,
a.
Unknown
b.
Down
c.
Unchanged
d.
Up
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