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The rate of return Stock X has a correlation of 0.45 with the Nasdaq 100...

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The rate of return Stock X has a correlation of 0.45 with the Nasdaq 100 Index, and also has a standad deviation of 40% The Nasdaq 100 index has a standard deviation of 30%. what fraction of X's standard deviation is explained by the variations in the Index? Multiple Choice 18% 45% 60% O none of the above

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