QUESTION 21

1. The range of correlation coefficients is most likely from:

   		a. 0 to +1.0.
   		b. 0 to +2.0.
   		c. -1 to 0.
   		d. -1 to +1.

QUESTION 22

1. The determination of the success of an active portfolio is:

   		a. Positive alpha/low R2.
   		b. Positive alpha/high R2.
   		c. Negative gamma/high R2.
   		d. High beta/low R2.