Exhibit 20

question 96

Multiple Choice

Exhibit 20.10.SHY (NYSEARCA: SHY) is a 1-3 year Treasury bond fund which is considered to be a market neutral position.Using the S&P 500 as a benchmark and five years of monthly log-return data,the rank correlation coefficient of SHY with the S&P 500 is found to be . Refer to Exhibit 20.10.Using the p-value approach and ,the appropriate conclusion is:

• A)Reject the null hypothesis,cannot conclude the correlation coefficient is not zero
• B)Do not reject the null hypothesis,conclude the correlation coefficient is not zero
• C)Reject the null hypothesis,conclude the correlation coefficient is not zero
• D)Do not reject the null hypothesis,cannot conclude the correlation coefficient is not zero

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Definitions:

Self-enhancement

The desire to maintain, increase, or portray one's self in a positive light to others and oneself.

Defensive Strategy

Tactics used by individuals or groups to protect themselves from perceived threats, criticism, or harmful situations.

Compensation

Payment or reward given for service, effort, or loss.

Anxiety-buffer Conception

A theory suggesting that certain psychological constructs help individuals manage and lessen their anxiety about mortality and life's uncertainties.