Which of the Following Statements Is Correct

Which of the following statements is correct?

A) A company with access to global capital markets should use a global market index instead of a purely domestic one to reflect the greater diversification potential of international markets.
B) The correlation of returns between emerging markets and developed markets are often near zero or even negative, so significant diversification potential exists with these securities. There are no other systematic risk factors in this case that need to be priced.
C) The country-risk-rating approach to estimating the cost of equity in an emerging market can be applied to specific industries instead of being restricted to country-level cost of equity estimates like the country-spread approach.
D) It is hypothesized that because capital markets in emerging markets are neither deep nor liquid, the WACC starts to increase at lower levels of capital raised for an MNE than for a domestic company raising capital in the deep and liquid U.S. market.
E) All of the statements above are correct.