Please help with the following questions:

QUESTION 5 The benchmark weights and returns for each of the five stocks in the Capitol index are given below. The Lokmom Fund uses the Capitol Index as its benchmark. The weights and returns are provided in the table below: Stock Portfolio Weight (%) Benchmark Weight (%) 2016 Return (%) 30 24 14 2 30 20 15 20 20 12 UT D W 10 18 8 10 18 10 What is the value added (active return) for the Lokmom Fund? O a. 0.00% O b. 0.90% O c. -0.36% O d. 1.92% QUESTION 6 The full fundamental law of active management is stated as follows: E(RA) = (TC)(IC) BROA Which component on the right-hand side represents the extent to which the portolio manager's expectations are realized? a. The information coefficient (IC) O b. None of the listed components O c. The breadth (BR) O d. The transfer coefficient (TC) QUESTION 7 Carmel Associates uses the fundamental law to estimate its expected active returns. Two things have changed. First, Carmel will lower its estimate of the information coefficient because they felt their prior estimates reflected overconfidence. Second, their major clients have relaxed several constraints on their portfolios, including social screening, short-sale prohibitions, and constraints on turnover. Which of these changes will Increase the expected active return? O a. Only the relaxation of several portfolio constraints. b. None of these changes. O c. Both the lower information coefficient and the relaxation of constraints. O d. Only the lower information coefficient. QUESTION 8 Manager 1 has an information coefficient of 0. 15, a transfer coefficient of 1.0, and invests in 50 securities. Manager 2 has a different strategy, investing in more securities, but is subject to investment constraints that reduce his transfer coefficient. Manager 2 has an information coefficient of 0.10, a transfer coefficient of 0.8, and invests in 100 securities. The investment selections of each manager are independent decisions (i.e. N=breadth). If both managers target an active risk of 5.0%, which manager will have the greater expected active return? a. Manager 1 b. Manager 2 O c. Both Managers will have the same active return