QUESTIONS 12 AND 13 RELATE TO CATHERINE MARCO. A TOTAL OF 35 MINUTES I...

3. Because a directional

hedge fund is expected

to exhibit a lower

Correct

dispersion of returns

than a non-directional

hedge fund, a

directional hedge fund

Incorrect

is a more appropriate

investment for this

client.

Template for Question 12-C continued on page 80

Answer Question 12 on This Page

Template for Question 12-C (continued)

Judge whether each

of Marco’s five

If incorrect,

Marco’s five

conclusions is

give one reason why the conclusion is

conclusions

correct or incorrect

incorrect

(circle one for each

conclusion)