Studies of Correlations Among Monthly Equity Price Index Returns Have

Multiple Choice

Studies of correlations among monthly equity price index returns have found

A) low correlations between various U.S. equity indexes.
B) high correlations between various U.S. equity indexes.
C) high correlations between U.S. and non-U.S. equity indexes.
D) negative correlations between various U.S. equity indexes.
E) high correlations between equity and bond indexes.