Use the following three statements to answer this question: I. PAB=0.7 indicates that if the return on security A increases by 10%, the return on security B will increase by 7%. ii. Any value of correlation less than +1 provides a possibility of diversification. iii. COVAB > Covac indicates the return on security B moves more closely to the return on security A than the return on security C does. Select one: a. only iii is correct b. i and ii are correct c. ji and iii are correct d. i and iii are correct e. only ii is correct Use the following statements to answer the question: i. A put option writer can lose, at most, the price of the option. ii. The value of a call increases when the risk-free rate of return increases iii. The value of a put increases when the risk-free rate of return increases. Select one: O a. ii is correct O b. i is correct c. i and iii are correct d. All are incorrect. e. i and ii are correct