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There are two firms. One is a firm which exports most of its products and uses raw materials produced in Turkey

There are two firms. One is a firm which exports most of its products and uses raw materials produced in Turkey. The second firm sells most of its products in Turkey and most of its raw materials come from China and firm pays dollars to buy these raw materials. What may be the sign of the correlation coefficient between the stock prices of these two companies in the last three months if dollar was continously increasing in the last three months? Justify your conclusion by a short explanation.

Apr 01 2021 View more View Less

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