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1.In our course textbook (Investments by Bodie, Kane & Marcus), the authors state that the importance of the trade-off between reward (the risk premium) and
1.In our course textbook ("Investments" by Bodie, Kane & Marcus), the authors state that the importance of the trade-off between reward (the risk premium) and risk (as measured by standard deviation) suggests that we can measure the attraction of a portfolio by the ratio of its risk premium to what ?
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