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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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