If markets are efficient, what should be the correlation coefficient between stock returns for two non-overlapping times?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jan 04, 2013 07:52 AM

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If markets are efficient, what should be the correlation coefficient between stock returns for two non-overlapping times?

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Investments

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