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    Exam 11: The Efficient Market Hypothesis
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    In an Efficient Market the Correlation Coefficient Between Stock Returns
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In an Efficient Market the Correlation Coefficient Between Stock Returns

Question 13

Question 13

Multiple Choice

In an efficient market the correlation coefficient between stock returns for two nonoverlapping time periods should be


A) positive and large.
B) positive and small.
C) zero.
D) negative and small.

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