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*Please explain answer* Correlation coefficients relating U.S. stock markets and foreign stock markets Tend to be negative Steadily diminish over time Are equal to beta
*Please explain answer*
Correlation coefficients relating U.S. stock markets and foreign stock markets
- Tend to be negative
- Steadily diminish over time
- Are equal to beta coefficients relating U.S. and foreign markets
- Suggest possible diversification
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