17. The major requirements of a portfolio manager include the following, EXCEPT la follow the client's policy statement. . fcompletely diversify the portfolio to eliminate all unsystematic risk. Ile. the ability to derive above-average risk adjusted returns. I completely diversify the portfolio to eliminate all systematic risk. lle kleliver on expectations and produce an additional alpha component 18. If you expected interest rates to rise, you would prefer to own bonds with a short maturities and low coupons. . long maturities and high coupons. c. long maturities and low coupons. d. short maturities and high coupons. e. None of these are correct