Put the Cross-Sectional investments algorithm steps in the correct order.

(i) Buy the winners and sell the losers.

(ii) Rank assets based on their performance in the recent K periods.

(iii) Set the look-back period, K.

(iv) Calculate the K-period return for each asset.

(v) Consider the universe of N assets.

Select one:

a.

(iv), (v), (ii), (i), (iii)

b.

(v), (iii), (iv), (ii), (i)

c.

(iii), (v), (iv), (ii), (i)

d.

(v), (iii), (ii), (iv), (i)