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Which of the below observations is not related to the comovement puzzle? Select one: a. The returns of small stocks are correlated. b. The returns

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Which of the below observations is not related to the comovement puzzle? Select one: a. The returns of small stocks are correlated. b. The returns of value stocks are correlated. c. The returns of local stocks are correlated with those of domestic/home stocks. d. The return of Royal Dutch is correlated with that of the S&P 500

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