10.31 Germany Hong Kong Italy Japan U.S. 0.52 0.42 0.34 The table above presents the correlation coefficients between the U.S. and four other markets. As an American investor, investing in which of the following countries would offer you the least risk diversification and hence be least beneficial if you are trying to diversify your portfolio? Multiple Choice None of these countries as all the correlation coefficients are not zero. All of these countries since all the correlation coefficients are less than one. Germany Hong Kong Italy Japan