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Use the following three statements to answer this question: I. Beta is constant over time. II. Empirically beta is never negative. III. Negative beta implies

Use the following three statements to answer this question:

I. Beta is constant over time.

II. Empirically beta is never negative.

III. Negative beta implies a negative standard deviation.

I, II and III are correct.

I, II and III are incorrect.

I is correct, II and III are incorrect.

I, II are incorrect, III is correct.

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