Which of the Following Statements Is not true

Which of the following statements is not true?

A) During a specific time period, rates of return across industry do not vary substantially.
B) The rates of return for individual industries do vary substantially over time.
C) During a specific time period, rates of return within industries do vary substantially.
D) Risk measures for individual industries remain relatively constant over time.
E) None of the above (that is, all are true statements)

Correct Answer:

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