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Security A has a standard deviation of 23% and the market has a standard deviation of 18%. The correlation coefficient between Security A and the

Security A has a standard deviation of 23% and the market has a standard deviation of 18%. The correlation coefficient between Security A and the market is 0.80. Calculate the percent change in Security A's price that can be explained by changes in the market.

A)

36%

B)

50%

C)

64%

D)

80%

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