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5. You have been assigned the task of comparing the investment performance of three different pension fund managers for the year 2011, you have prepared

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5. You have been assigned the task of comparing the investment performance of three different pension fund managers for the year 2011, you have prepared the following data, risk-free interest rate 3%, the expected return on the market portfolio of risky assets 7%, The table below illustrate the different value of beta: Manager Beta 0.13 1.4 0.78 * Calculate the Jensen measure for each Manager? * Rank the managers' performance according to Jensen measure

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