P13.14 Your portfolio returned 13% last year, with a beta equal to 1.5. The market return was

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P13.14 Your portfolio returned 13% last year, with a beta equal to 1.5. The market return was 10% and the risk-free rate 6%. Did you earn more or less than the required rate of return on your portfolio? (Use Jensen’s measure.)

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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