Question 10 1 pts Studies show that international stock markets tend to move more closely together when the volatility is higher. This finding suggests that (A) investors should liquidate their portfolio holdings during turbulent periods. O (8) since investors need risk diversification most precisely when markets are turbulent, there may be less benefit to international diversification for investors who liquidate their portfolio holdings during turbulent periods. (C) this kind of correlation is why international portfolio diversification is smart for today's investor. O (D) none of the above. Question 11 1 pts Emerald Energy is an oil exploration and production company that trades on the London stock market. Assume that when purchased by an international investor the stock's price and the exchange rate were 5 and 0.64/$1.00 respectively. At selling time, one year after the purchase date, they were 6 and 0.60/$1.00. Calculate the investor's annual percentage rate of return in terms of the U.S. dollars. O (A) 0.20% O (B) 20.00% O (C) 1.28% O (D) 28.00%