Which one of the following four examples would not be considered a typical source of market risk?

Oliver McCarthy owns a portfolio of bonds. Which of the following choices equals the modified duration of
Oliver's portfolio?

Which one of the four following statements about technology systems for managing operational risk event
data is incorrect?

Which of the following are conclusions that could be drawn from the shape of the statistical distribution of
losses that a bank might incur over a future time period?
I. In most years a bank would look more profitable than it will be on average.
II. Most of the time a sufficiently well capitalized bank will appear over-capitalized.
III. Bad years do not come along very often, but when they do they lead to enormous losses.

Which one of the following statements accurately describes market risk tolerance?