please answer both questions. upvote and good feedback will be given for trying and helping.

question-1

question 2

31. Which one of the following is not the potential problem of LTCM? 10 A. Negatively Skewed Distribution. B. Not Independently Distributed. C. Illiquidity D. Low leverage. E. Secret and opaque operations. 39. Below are the investment grades bonds except: A. AAA B. AA C. A D. BBB E. BB