Based on the outcomes in the following table, choose which of the statements below is (are) correct?

Scenario	Security A	Security B	Security C
Recession	Return	Return=E(r)	Return
Normal	Return=E(r)	Return=E(r)	Return=E(r)
Boom	Return>E(r)	Return=E(r)	Return>E(r)

I. The correlation between securities A and C is positive. II. The correlation between securities A and C is negative. III. The correlation between securities B and A is positive. IV. The correlation between securities B and C is 0.

Question 5 options:

a)	II and III only

b)	II, III, and IV.

c)	II and IV only

d)

I and IV

e)

I only