Multiple Choice
Benchmark error
A) refers to the use of an incorrect market proxy in tests of the CAPM.
B) can result in inconclusive tests of the CAPM.
C) can result in incorrect evaluation measures for portfolio managers.
D) refers to the use of an incorrect market proxy in tests of the CAPM and can result in inconclusive tests of the CAPM.
E) All of the options are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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