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is urgent C. Three portfolio managers A, B and C are to be evaluated in terms of their performance. They all invest on the Ghanaian

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C. Three portfolio managers A, B and C are to be evaluated in terms of their performance. They all invest on the Ghanaian financial market. In the most recent 5 years, the average returns of the portfolios managed by the managers are as shown in the table below. If the average rate of return on government treasury bills was 5 percent. Portfolio Beta A Average annual rate Standard Deviation of return (%) (%) 17 20 24 18 11 10 B 1.8 2.4 1.5 Required: i. Evaluate the three managers in terms of performance 4 marks Total 20 marks

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