Which of the statements is (are) true based on the information in the following table?

Scenario	Security A	Security B	Security C
Recession	Return > E(r)	Return < E(r)	Return = E(r)
Normal	Return = E(r)	Return = E(r)	Return > E(r)
Boom	Return < E(r)	Return > E(r)	Return = E(r)

1. The covariance of security A and security C is zero.
2. The correlation coefficient between securities A and B is negative.
3. The correlation coefficient between securities B and C is positive.
4. None of the above.

Multiple Choice

a) V only

b) I only

c) II and III only

d) I and II only