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If a fund has a positive alpha when using the S&P500 as the benchmark, and a negative alpha using together the S&P500, SMB and HML
If a fund has a positive alpha when using the S&P500 as the benchmark, and a negative alpha using together the S&P500, SMB and HML factors, has the fund earned its fees? Why yes, or why not?
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Options Trading For Beginners
Authors: Mike Hartley
1st Edition
979-8864514832
