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Which of the following statement is (are) correct?

Which of the following statement is (are) correct?

Statement 1: Industry analysis is the first and foremost step in the bottom up approach of analysis.

Statement 2: Industry analysis would enable an analyst to figure out the relative positions of various market players and thereby make informed investment decisions.

A.

Both are incorrect

B.

Only Statement 1 is correct

C.

Only Statement 2 is correct

D.

Both are correct

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