1.) Is Priorat's statement with regard to selecting a benchmark for the pension plan most
likely correct?
A. No, because Crianza should select a high-quality long-term corporate bond index as
the benchmark
B. Yes
C. No, because the current benchmark is appropriate to measure each strategy's
performance
Answer = B
“Fixed-Income Portfolio Management—Part I,” H. Gifford Fong and Larry D. Guin
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