QUESTION 17 a. In measuring the Implementation Shortfall (15) we compare: The performance of an actual portfolio with the performance of an index. The performance of an actual portfolio with the performance of a hypothetical paper portfolio. O The performance of an actual portfolio with the performance of a basket portfolio of similar securities. O d. Ob. None of the above. QUESTION 18 For a stock, the annual turnover is defined as: a. Total annual trading volume (in shares). Number of shares outstanding. OC Total annual trading volume (shares) / Number of shares outstanding, Od. None of the above. b. QUESTION 19 Intuitively, the WWAP measures: 8. The price paid by the average trader on a given day. b. The price paid by a trader at the market open. OC. The price paid by a trader at the market close. O d. None of the above