True or False

1. The credit default swap index, CDX is a benchmark index that tracks a basket of Europe and emerging market single-issuer credit default swaps.

2.The Harvard Management Company's investments in private equity

funds and hedge funds are less than 60% of the total portfollo as of

2021.

3. If the zero-rate curve is downward sloping, the yield to maturity curve is below the zero-rate curve.

4. The divisor for the Dow Jones Industrial Average (DJIA) is to increase

when a stock in the DJIA has a 2-for-1 stock split. (

)