How has trading system automation affected liquidity and cost of capital around the globe?

Question 5 options:

	A. Liquidity improved in 47 countries and capital became more affordable in 14 countries in a 71 country analysis.
	B. Liquidity improved by 3.02% and cost of capital declined by -1.23% in a sample of 71 countries.
	C. Liqudiity deteroirated by -3.63% and cost of capital declined by -5.70% in a sample of 71 countries.
	D. Liqudity deterirated by -1.73% and cost of capital was unaffected because it is determined by risk and not by trading system.