Question: The correlation coefficient between two assets is positive if and only if: a. The returns of the two assets always move in the same direction.

The correlation coefficient between two assets is positive if and only if:
a. The returns of the two assets always move in the same direction.
b. The returns of the two assets are more likely to move in the opposite direction than to move in the same direction.
c. The returns of the two assets never move in the same direction.
d. The returns of the two assets are more likely to move in the same direction than not to.

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