Covariance can vary between -∞ and +∞ whereas Correlation ranges between -1 and +1Review LaterTrueFalse

What is the relationship between the covariance and the correlation coefficient

The correlation coefficient ranges between:a.[-1,1]b.[0,1]c.(-∞ , ∞)d.(-1,0)Clear my choice

The covariance between two variables is(a) Strictly positive(b) Strictly negative(c) Always 0(d) Either positive or negative or zero

The covariance between the two stock returns is                         .

Describe why correlation may be considered a better measure of diversification than covariance.