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It is possible for a firm to have a positive beta, even if the correlation between its returns and those of another firm is negative.
It is possible for a firm to have a positive beta, even if the correlation between its returns and those of another firm is negative.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
