ULUS, d) All of the above. 16. GB Fund has the following assets and liabilities: Cash $25m, fixed income securities $100m, domestic equity $75m, property $30m, loang $55m. GB fund has 20,345,000 units issued currently, what is the unit price of GB Fund? a) $16.50 b) $9.40 c) $14.00 d) $8.60 17. The information ratio: a) Ignores market movements from returns but instead adjusts for the risk undertaken. b) is used as a risk-adjusted measure of the relative performance of a portfolio c) Helps to answer the question, 'Was the manager sufficiently rewarded for the risk incurred by deviating from the benchmark? d) All of the above. 18. The convertibility option for term life insurance policies provide for: a) Such a clause to be included in the relevant policy document subject to a medical examination. b) The insured to convert the current policy into ordinary shares at a discount to the current share price c) The insured to convert the current policy into any other type of insurance policy so long as the sum insured does not alter d) Both a) and c). 19. Richard used to earn $8,500 per month before he hurt his arm and was unable to work for 8 weeks. After that, he was able to work part-time and earn $3,500 per month. He had obtained income protection insurance and his full benefit payment under the policy is $6,375. Accordingly, Richard is entitled to a partial benefit of: a) $3,750 b) $3,250 c) $4.150 d) $3.900