4. Some pension plan sponsors have agreed that a good practice is to terminate managers who are...

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4. Some pension plan sponsors have agreed that a good practice is to terminate managers who are in the top quartile and to hire those who are in the bottom quartile. State what those who advocate such a practice expect implicitly about the correlation and slope from a regression of the managers' subsequent ranking on their current ranking.

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Investments

ISBN: 9780072339161

5th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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