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    Exam 20: Performance Evaluation of Managed Funds
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    A Criticism of Jensen's Alpha Is That
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A Criticism of Jensen's Alpha Is That

Question 29

Question 29

Multiple Choice

A criticism of Jensen's alpha is that:


A) it can only be applied to individual shares
B) it can only be used on portfolios
C) it fails to measure consistent performance
D) none of these chocies

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