Part 1. Discussion Topic 3: Multinational Corporations and International Diversification Benefits Many investment consultants suggest that investors can diversify portfolio holdings locally by investing in multinational corporations (MNCs) to gain international diversification benefits. The rationale is that if an MNC can be regarded as a portfolio of international activities, its operating and financial performance should reflect its worldwide activities instead of factors solely related to the country where its headquarters are located or where its stock trades. Please find the following articles attached: Read the following three articles and answer the questions Why Global Diversification MattersPreview the document, by Anthony Davidow How to Invest in The RestPreview the document, by Ian Prior Why U.S. Multinational Companies Don’t Provide International Diversification Benefits (Links to an external site.), by Larry Swedroe QUESTIONS: Can MNCs provide international diversification benefits for investors? Can MNCs be used as a substitute for investing directly in companies in foreign countries? Clearly state your rationale to defend your responses. Your answers are limited to no more than eight sentences. Part 2. Discussion Module 2, 300-word minimum. Give examples from the past when your purchasing decisions were influenced by social networks. Part 3. In APA format and no less than 300 words, answer the following question: There are major differences between U.S. privacy laws and those in the E.U. After reading the information presented in this module and other sources, write a two-page paper that identifies five such differences. List three U.S. companies that have been sued by the E.U. for not following their privacy laws. For each company, list one violation. Cite sources.