Question2 A. "The asset allocation decision is not an isolated choice; rather, is a component of a portfolio management process." Discourse the process. B ..The portfolio's performance should be compared to guidelines specified in the policy statement, not on the portfolio's overall return." Elucidate the standards for evaluating portfolio performance. Question 3 A. "Capital market instruments are fixed-income obligations that trade in the secondary market, which means you can buy and sell them to other individuals or institutions." Expound the types of securities. Question4 A. "It is necessary to understand the different securities markets around the world and the changes that are occurring"- Expound i. Market and Characteristics of a Good Market i. Primary Capital Market and i. Secondary Financial Market