Which of the following pairs of stocks is likely to have the lowest correlation? (Hint: Correlation is largely determined by industry and country.)

Select one:

a. Green Cross Ltd (Australia's largest veterinary care company) and Ramsay Health Care Ltd (Australia's largest (human) health care company).

b. BHP Ltd (a large Australian mining company) and Fortescue Metals Group Ltd (a mid-size Australian mining company).

c. Telstra Ltd (Australia's largest telecommunications company) and Exxon Mobil Corporation (the largest energy company in the United States).

d. The Industrial and Commercial Bank of China (the largest bank in the world) and the Commonwealth Bank of Australia (the largest bank in Australia).

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Which of the following pairs of investments is most likely to have zero correlation?

Select one:

a. Australian property and US property.

b. Australian shares and US shares.

c. Australian shares and Australian government bonds.

d. Australian shares and Australian property.