Question: If markets are efficient, the correlation coefficient between a stocks returns for two consecutive non-overlapping periods should be: More than or equal to -1.0 and

  1. If markets are efficient, the correlation coefficient between a stocks returns for two consecutive non-overlapping periods should be:

  1. More than or equal to -1.0 and less than zero
  2. Zero
  3. More than zero and less than or equal to +1.0
  4. B or C
  5. A or C

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