1. T 20) Which of the following financial intermediaries are depository institutions? A) A credit union B) A savings and loan association O A commercial bank D) All of the above E) Only A and C of the above SHORT ANSWER. Write your answer in the space provided or on a separate sheet of paper. 21) A manager holds a portfolio that is invested 25% in a bond with 5-year duration and 75% in a bond with 10-year duration. What is the duration of the portfolio? (6p) 22) Maria would like to make a single investment and have $1 million at the time of her retirement in She has found a mutual fund that will earn 6 percent annually. How much will Maria havet