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What does a negative covariance between two assets imply? A. That the probabilities of different economic scenarios tend to be equal to each other. B.

What does a negative covariance between two assets imply?

A.

That the probabilities of different economic scenarios tend to be equal to each other.

B.

That the two assets are mirror images of each other.

C.

That the returns of the two different assets tend to move in different directions.

D.

That the two assets tend to be in different industries.

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