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    Exam 20: Performance Evaluation of Managed Funds
  5. Question
    Henriksson and Merton (1981)measure Market Timing Using the Maximum of Zero
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Henriksson and Merton (1981)measure Market Timing Using the Maximum of Zero

Question 34

Question 34

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Henriksson and Merton (1981)measure market timing using the maximum of zero and the market risk premium as a factor.

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