The correlation coefficient between the returns on a broad index of U.S. stocks and the returns on

Question:

The correlation coefficient between the returns on a broad index of U.S. and the returns on indexes of the of other industrialized countries is mostly _______, and the correlation coefficient between the returns on various diversified portfolios of U.S. is mostly_______ .
a. less than .8; greater than .8.
b. greater than .8; less than .8.
c. less than 0; greater than 0.
d. greater than 0; less than 0.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...