Question: What does it mean when two assets in a portfolio have a correlation coefficient of - 1 ? a . The assets are perfectly positively

What does it mean when two assets in a portfolio have a correlation coefficient of -1?
a.
The assets are perfectly positively correlated.
b.
The assets are perfectly negatively correlated.
c.
The correlation coefficient is irrelevant to portfolio construction.
d.
The assets have no correlation.

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