Question: 14. Correlations between security returns generally tend to be a. positive because market is not complete efficient. b. positive because of investors' irrationality c. positive
14. Correlations between security returns generally tend to be a. positive because market is not complete efficient. b. positive because of investors' irrationality c. positive because of economic forces that affect many firms. d. negative because of arbitrage activities c. negative because of economic forces that affect many firms
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