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20. Tony brags that his portfolio's rate of return is beating the market. Which one of the following would best substantiate his claim? A. positive

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20. Tony brags that his portfolio's rate of return is "beating the market". Which one of the following would best substantiate his claim? A. positive Sharpe ratio B. negative Treynor ratio C. positive J ensen's alpha D. zero Value at Risk E. beta greater than 1.0

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