Exhibit 20

question 55

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.To determine if the SHY is not a market neutral position,the competing hypothesis are:

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Definitions:

Behavioral Trait

A behavioral trait is a distinguishable pattern of actions, reactions, or behaviors that are characteristic of an individual across varying situations.

Intrapersonal Mechanisms

Internal cognitive and psychological processes that influence an individual's behavior and decision-making.

Leadership Effectiveness

The extent to which a leader successfully achieves desired outcomes by motivating and guiding others.

Managerial Succession

The process of transitioning leadership and management roles within an organization to new individuals, often involving planned and strategic steps.