Question: If markets are efficient, what should be the correlation coefficient between the returns on a share of stock X for two non-overlapping time periods? A.Greater

If markets are efficient, what should be the correlation coefficient between the returns on a share of stock X for two non-overlapping time periods?

  • A.Greater than 0 but less than 1
  • B.Less than 0
  • C.0
  • D.1

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