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23. Distinguish among the following performance measures a The Sharpe ratio. b. The Trevnor measure c. Jensen's alpha. i Describe how each of the three
23. Distinguish among the following performance measures a The Sharpe ratio. b. The Trevnor measure c. Jensen's alpha. i Describe how each of the three performance measures is calculated. ii State whether each measure assumes that the relevant risk is systematic unsystematic, or total. Explain how each measure relates excess return and the relevant risk
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