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A mutual fund manager expects that the rate of return on her portfolio will be 14% this year. She states that the beta of her

A mutual fund manager expects that the rate of return on her portfolio will be 14% this year. She states that the beta of her portfolio is 0.8. If the 3-month T-Bill is 5% and most analysts forecast a 15% return on the value-weighted portfolio of all the stocks in the NYSE, is an investment in this mutual fund a good one?

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