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1. A mutual fund earns +2%, -4%, + 15%, -10%, + 5% over the last 5 years. You know that the beta of the fund
1. A mutual fund earns +2%, -4%, + 15%, -10%, + 5% over the last 5 years. You know that the beta of the fund is 0.75, the market risk premium is 12%, and the risk free rate is 3%. Compute the mean return of the fund and compute its a performance. Did the manager do well relative to the market over the 5 years?
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Affordable Housing Finance
Authors: K. Hawtrey
2009th Edition
0230555187, 978-0230555181
