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a) Discuss performance attribution analysis and how it can be best used by portfolio managers. Use diagrams and charts to illustrate your answer. (60 marks)

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a) Discuss performance attribution analysis and how it can be best used by portfolio managers. Use diagrams and charts to illustrate your answer. (60 marks) b) Describe how Treynor's measure and Jensen's alpha are calculated and when they are appropriate measures of performance. (40 marks)

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