11. If you hold a $20m bond portfolio with modified duration of 9 years. You expected the market interest rate increase by 10 basis points (0.10%), whats your profits/losses?

	A.	$100,000
	B.	$150,000
	C.	$180,000
	D.	$200,000

QUESTION 6

1. A portfolio with a rate of return 15%, residual standard deviation 4% and alpha 2%, whats the portfolios information ratio?

   	A.	0.50
   	B.	0.70
   	C.	0.90
   	D.	1.00

QUESTION 10

Suppose the 6-month risk-free rate of return in the United States is 5%. The current exchange rate is 1 pound = US$2.05. The 6-month forward rate is 1 pound = US$2. The minimum yield on a 6-month risk-free security in Britain that would induce a U.S. investor to invest in the British security is ________.

	A.	5.06%
	B.	3.74%
	C.	9.48%
	D.	7.63%