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Correct way to initialize a string in java | String Pool

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What is the correct way to initialize a string in java, using assignment operator or using new keyword. Which is the better option. See this video till end and get the answer.
Know what is string pool in Java and what is difference in String pool between java 6 and Java 7.
Know what is string pool in Java and what is difference in String pool between java 6 and Java 7.