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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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