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Expected Return % Year Asset A Asset B Asset C 1 12 16 12 2 14 14 14 3 16 12 16 The correlation of

Expected Return %

Year

Asset A

Asset B

Asset C

1

12

16

12

2

14

14

14

3

16

12

16

The correlation of returns between Asset A and Asset C (in the above table) can be characterized as ________.

a. perfectly positively correlated

b. perfectly negatively correlated

c. uncorrelated

d. cannot be determined

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