Which of the following statements concerning the correlation coefficient as a measure of relative co-movements between security returns is (are) CORRECT? I-The correlation coefficient is a relative measure of association that is bounded by +1.0 and -1.0. II-A correlation coefficient of +1.0 denotes perfect positive correlation; -1.0 denotes a perfect negative (inverse) correlation; 0.0 denotes zero correlation or no relationship.

		I only
		II only
		Both I and II
		Neither I nor II