4. What does correlation tell you about the relation between XLU and XLK :a. their returns tend to move very similar to each other b. their returns tend to move somewhat independently from each other c. their returns tend to move in the opposite direction relative to each other d. can not tell

5. What is the return on the portfolio that has 40% invested into XLU and 60% into XLK :a. 2.23% b. 1.31% c. 0.92% d. 1.71% e. 1.97%

6. What is the St. Dev. of the portfolio that has 40% invested into XLU and 60% into XLK :a. 6.18% b. 4.79% c. 4.46% d. 4.88% e. 5.39%

7. What are the investment proportions into XLU and XLK for the Minimum Variance Portfolio? a. 0.4 / 0.6 b. 0.2 / 0.8 c. 0.1 / 0.9 d. 0.7 / 0.3 e. 0.5 / 0.5

8. What is the maximum Sharpe Ratio? a. 0.3604 b. 0.3705 c. 0.3646 d. 0.2930 e. 0.3411

9. . In order to achieve Optimal Risky Portfolio, how would you split your investment money between XLU and XLK? a. 0.3 / 0.7 b. 0.4 / 0.6 c. 0.5 / 0.5 d. 0.2 / 0.8 e. 0.1 / 0.9

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