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For the following question: A. Explain the separation and mutual fund theorem, and discuss its importance to (1) investor, and (2) portfolio/asset managers B. Explain
For the following question:
A. Explain the separation and mutual fund theorem, and discuss its importance to (1) investor, and (2) portfolio/asset managers
B. Explain the Treynor-black models as theory of active portfolio management and its importance to portfolio managers.
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