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

question 43

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 rs = -0.284.Using the p-value approach and α = 0.01,the appropriate conclusion is______________.

• A) reject the null hypothesis;we 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;we conclude the correlation coefficient is not zero
• D) do not reject the null hypothesis;we cannot conclude the correlation coefficient is not zero

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Definitions:

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A developmental stage in infants, usually between 4 to 8 months, characterized by the repetition of actions that produce an effect on the environment, signaling the beginning of intentional behavior.

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An automatic and involuntary response to a stimulus, which is a basic mechanism of the nervous system.

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