Question
During a 5-year period, the relevant results for the aggregate market are that the risk-free rate is 8 percent and the return on market is
During a 5-year period, the relevant results for the aggregate market are that the risk-free rate is 8 percent and the return on market is 14 percent. For that period, the results of four portfolio managers are as follows:
| Portfolio Manager | Average Return (%) |
Volatility | Beta |
| A | 13 | 12 | o.so |
| B | 14 | 14 | 1.05 |
| C | 17 | g | 1.25 |
| D | 13 | 8 | 0.90 |
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
