Stock x was just added to the dow 30 index prior to the


Stock X was just added to the Dow 30 Index. Prior to the addition, the correlation between the daily returns of X and the other 29 stocks in the Index was +0.40. How do you expect the daily return correlation to change after X is added to the Dow 30 Index. Explain. (two or three sentences)

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Financial Management: Stock x was just added to the dow 30 index prior to the
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