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Why would investors looking to have a diversified stock portfolio view a negative covariance in stocks as a good thing? A negative covariance means the

Why would investors looking to have a diversified stock portfolio view a negative covariance in stocks as a good thing? A negative covariance means the stocks would not behave the same way, which would hedge against significant loss. A negative covariance means investors can reinvest in the stocks at a lower price. Investors don't want a negative covariance; they want a positive covariance to maximize profits. None of these answers is correct

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