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The correlation of the returns of a risk-free Treasury bond with the returns of the general stock market will be A) equal to 1.0. B)

The correlation of the returns of a risk-free Treasury bond with the returns of the general stock market will be

A) equal to 1.0.

B) equal to -1.0

C) equal to 0.0.

D) between -1.0 and +1.0, depending on the yield-to-maturity of the Treasury bond.

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