28. Required Rate of Return. In view of your answer to the preceding problem, explain why a...

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28. Required Rate of Return. In view of your answer to the preceding problem, 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. (LO2)

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Fundamentals Of Corporate Finance

ISBN: 9780073382302

6th Edition

Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus

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