QUESTION 107

1. Portfolio managers who use mean-variance optimization to construct optimal portfolios will be attractive to:

   		a. Conservative investors with low risk tolerance coefficients.
   		b. Aggressive investors with high risk tolerance coefficients.
   		c. Passive investors with moderate risk tolerance coefficients.
   		d. Conservative, aggressive, and passive investors.

QUESTION 108

1. An aggressive equity mutual fund with relative high allocations to the technology sector will most likely have a beta:

   		a. Equal to 1.0.
   		b. Equal to 0.0.
   		c. Less than 1.0.
   		d. Greater than 1.0.