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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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