Consider 2 firms, X and Z, that are equivalent in every respect, except X tends...

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Finance

Consider 2 firms, X and Z, that are equivalent in every respect, except X tends to do better when the economy is doing better, whereas Z tends to do better when the economy is doing poorly. Which of the following statement is likely to be true?" X is likely to have a higher sigma than Z Z is likely to have a higher beta than X X is likely to have a higher beta than Z X and Z are likely to have similar betas Z is likely to have a higher sigma than X

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