2marks each Janet and Steve are bond portfolio managers. It is near the end of the year and the bond manager who has abe best return for a portfolio gets a bonus. Janet and Steve compare their portfolios the day before the bonus is to be awarded and they realize that they are holding exactly the same bonds except that Steve's portfolio has bonds that display less convexity that Janet's. BER The morning of the next day market yields suddenly drop. Which manager (Janet or Steve) will get the bonus (assume the bonus will be awarded at the end of the day and that yields have not changed during the day)? A) Janet B) Steve ern 42. Which bond would have the shortest duration: A) RTANT a zero coupon bond with a ten (10) year maturity NCIL ONLY B) an eight (8) percent bond with a thirteen (13) year maturity C) an eight (8) percent bond with a ten (10) year maturity.. MPLETELY