SHY (NYSEARCA: SHY)is a 1−3 Year Treasury Bond Fund That

question 69

Multiple Choice

SHY (NYSEARCA: SHY) is a 1−3 year Treasury bond fund that 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 r_s = -0.284.Because the sample size is greater than 10 and r_s 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:

Conflict

A serious disagreement or argument, typically a protracted one, that can occur between individuals, groups, or nations.

Discord

A lack of agreement or harmony between people, ideas, or feelings, resulting in conflict or unrest.

Pluralistic Ignorance

A social psychological phenomenon where individuals mistakenly believe their thoughts, feelings, or behaviors are different from those of the group, leading to conformity despite private disagreement.

Social Value Orientation

An individual's preferences when allocating resources between oneself and others, which can influence behavior in social situations.