Exhibit 20

question 17

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.Since the sample size is greater than 10 and can be assumed to follow a normal distribution,the value of the test statistic is

• A)-2.20
• B)-2.18
• C)2.18
• D)2.20

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Definitions:

Creative Best

The highest level of creativity and innovation an individual or group can achieve.

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An individual's belief in their own ability to produce new and useful ideas.

Multicultural Experiences

Engagements or interactions which involve or are derived from several different cultures, enhancing understanding and appreciation of diversity.

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A non-traditional or creative approach to problem-solving and idea generation.