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Company X has a stock price that rises by less than 1% when the market rises by 1%, and falls by less than 1% when
Company X has a stock price that rises by less than 1% when the market rises by 1%, and falls by less than 1% when the market falls by 1%. From this information, what can we expect of Company X's beta?
A. | It is between zero and negative one | |
B. | It is equal to zero | |
C. | It is greater than one but less than two | |
D. | It is less than one | |
E. | It is less than zero |
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