3. Cross-border acquisition involves A) building new production facilities in a foreign country. B) buying an existing foreign business. C) leasing existing production facilities to launch a new production activity. D) none of the options 5. Regarding the mechanics of international portfolio diversification, which statement is true? A) Security returns are much less correlated across countries than within a county. B) Security returns are more correlated across countries than within a county. C) Security returns are about as equally correlated across countries as they are within a county. D) none of the options