Which of the following statements about the world-market- (WM) coefficient for crossborder investment is true? (a) WM always lies between 0 and 1. (b) WM uses a global index as a basis for the computation. (c) WM is sometimes further corrected to account for government debt levels. (d) Germany and France are examples of Emerging capital markets. (e) The MSCI World includes exclusively firms from the United Kingdom.