4. Why is it difficult to specify the risk-return preferences of investment management clients? Why are these

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4. Why is it difficult to specify the risk-return preferences of investment management clients? Why are these problems particularly acute in the case of institutional investor clien ts (for example, pension and endowment funds)?

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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