Which of the Following Statements About Industry Analysis Is True

Which of the following statements about industry analysis is true?

A) During any time period, rates of return of firms within industries do vary within a wide range.
B) Aggregate market performance accurately reflects the performance of alternative industries.
C) Risk of return for individual industries have not varied over time, so one can simply extrapolate past performance into the future.
D) All of the above are true.
E) None of the above are true.

Correct Answer:

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