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An asset held in a well-diversified portfolio was valued at $1000 at the start of the year. At year's end, the asset was valued at

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An asset held in a well-diversified portfolio was valued at $1000 at the start of the year. At year's end, the asset was valued at $1162.50. Given the relative risk of the asset, the holder's required return is 17%. Based on a Jensen's Alpha measure, the asset has has outperformed the required performance has matched expected performance has underperformed by 1.75% underperformed by 0.75%

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