In view of your answer to Problem 25, explain why a mutual fund must be able to

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In view of your answer to Problem 25, explain why a mutual fund must be able to provide an expected rate of return in excess of that predicted by the security market line for investors to consider the fund an attractive investment opportunity.
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Fundamentals of Corporate Finance

ISBN: 978-1259722615

9th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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