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    Exam 22: Measuring Risks and Returns of Portfolio Managers
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    Under What Conditions Might a Return of 15% Be Actually
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Under What Conditions Might a Return of 15% Be Actually

Question 10

Question 10

Multiple Choice

Under what conditions might a return of 15% be actually worse than a return of 10%?


A) In a bull market
B) In a bear market
C) On a risk-adjusted basis
D) More than one of the above

Correct Answer:

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