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Serial correlation: A. measures the relationship between the current return on a security with that of a second security. B. involves multiple securities within the
Serial correlation: A. measures the relationship between the current return on a security with that of a second security. B. involves multiple securities within the same industry. C. indicates a tendency for continuation when the correlation is positive. D. indicates a tendency toward reversal when the correlation coefficient is zero. E. supports weak form efficiency when the correlation coefficient is near zero.
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