A Portfolio Manager Generates a 5% Return in 2008,a 12

question 135

Multiple Choice

A portfolio manager generates a 5% return in 2008,a 12% return in 2009,a negative 6% return in 2010,and a return of 2% (nonannualized) in the first quarter of 2011.The annualized return for the entire period is theclosest to _______.

• A) 3.05%
• B) 3.25%
• C) 3.50%
• D) 3.77%

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Definitions:

Conditioning

A process of behavior modification by which a subject comes to respond in a desired manner to a previously neutral stimulus.

Masculinity

A set of attributes, behaviors, and roles associated with boys and men as prescribed by society.

Gender

Refers to the range of characteristics pertaining to, and differentiating between, masculinity and femininity.

Femininity

A set of attributes, behaviors, and roles generally associated with girls and women.