Consider the Following Statements When Answering This Question; I

Multiple Choice

Consider the following statements when answering this question; I. The variance of the returns of an investor's portfolio can be reduced by selling assets from the portfolio, and investing the proceeds in other assets where returns are positively correlated with the portfolio's remaining assets.
II) The value of complete information is always positive.

A) I and II are true.
B) I is true and II is false.
C) I is false and II is true.
D) I and II are false.