Question $5$

$2$ pts

The sponsor of a pension plan has hired two portfolio managers for the bond portion of his fund. The bond allocation benchmark of the fund is as follows:

$50\%$ long$-$term government bonds $($Portfolio A$)$

$30\%$ long $-$term corporate bonds $($Portfolio B$)$

$20\%$ short$-$term government bonds $($Portfolio C$)$

The sponsor hire LT portfolio manager to manage Portfolio A and Portfolio B$,$ and hires ST portfolio manager to manager Portfolio C$.$ In the last fiscal year, the results were as follows:

Data for questions

$\backslash$table$[[,$Fund Weight,Fund Return,Benchmark Weight,Benchmark Return$],[$LTPM$,,,,],[$Government Bonds,$55\%,3\mathrm{.}50\%,50\%,4\mathrm{.}00\%$