Which of the following statements regarding industry performance is true?
A) The performance of an industry cannot be accurately predicted based on the basis of past performance.
B) The performance of an industry is often a constant percentage of overall market performance.
C) The performance of an industry tends to explain 50% of an individual company's performance.
D) Investors should ignore industries with poor recent performance and buy companies with recent exceptional performance.
Correct Answer:
Verified
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