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    Exam 22: Evaluation of Investment
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    According to Jensen's Differential Return Measure,what Is Alpha
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According to Jensen's Differential Return Measure,what Is Alpha

Question 21

Question 21

Multiple Choice

According to Jensen's differential return measure,what is alpha?


A) The intercept of the SML line
B) The intercept of the CML line
C) A means of identifying superior or inferior portfolio performance
D) The actual excess return on a portfolio during one period

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