Exhibit 25 -Refer to Exhibit 25

question 60

Multiple Choice

Exhibit 25.10
Use the Information Below for the Following Problem(S)
Consider the following information for a portfolio manager:
$$\begin{array} { l c c c c } & \text { Policy } & \text { Actuial } & \text { Index } & \text { Astual } \\& \text { Weieht } & \text { Weieht } & \text { Returns } & \text { Returns } \\\hline \text { Stacks } & 0.65 & 0.7 & 0.11 & 0.12 \\\text { Bonds } & 0.3 & 0.25 & 0.07 & 0.08 \\\text { Cash } & 0.05 & 0.05 & 0.03 & 0.025\end{array}$$
-Refer to Exhibit 25.10.Calculate the percentage return that can be attributed to the security selection decision.

• A) 0.105%
• B) 0.925%
• C) 0.20%
• D) 0.96%
• E) 0.94%

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