Need help on these 4 multiple choice questions please!

ach to asset allocation? 13. Which of the following is NOT a characteristic of the new approach to asset allo A. Considers risk factors rather than asset classes B. Considers macroeconomic factors and forward-looking estimates. C. Considers the risk of extreme events, also known as "fat tails". D. Maximizes Sharpe ratios because high returns reduce the risk of underfunding liabili E Recognizes that portfolios which appear to be diversified by asset class may have hish exposure to specific risks. 14. You are an active top-down portfolio manager. You believe that the economy will strengthen later this year, leading to very strong stock market performance. Which of the following statements best describes the strategy you will use to outperform the market index? A. Use fundamental analysis to identify and buy the cheapest stocks in each industry sector. B. Buy low volatility stocks because they outperform the market. C. Use an industry sector rotation strategy D. Buy stocks that have high CAPM betas. E. Buy an index tracking ETF 15. Consider the utility function below, where A =2. The variable A in the formula represents the: U = E() -A0 A. Investor's return requirement Investor's aversion to risk C. Certainty-equivalent rate of the portfolio D. Preference for one unit of return per two units of risk E. None of the above 16. If the exchange rate for the British pound goes from C$1.55 to C$1.35, then the pound has: A. Appreciated and the British will find Canadian goods cheaper B. Depreciated and the British will find Canadian goods more expensive C. Depreciated and the British will find Canadian goods cheaper D. Appreciated and the British will find Canadian goods more expensive. E. None of the above