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Which statement is correct? (only 1 is correct) a) Two assets with correlation coefficient of 0 move in perfect lockstep. b) Perfect correlation refers to

Which statement is correct? (only 1 is correct)

a) Two assets with correlation coefficient of 0 move in perfect lockstep.

b) Perfect correlation refers to two assets with a correlation coefficient of either -1 or +1.

c) Illusory correlation refers to people perceiving no association between variables when in fact a strong relationship exists.

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