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i)What are the advantages of the Black-Litterman model over the Markowitz model? ii) Express the portfolio managers view in mathematical form. [3] iii)What is the

i)What are the advantages of the Black-Litterman model over the Markowitz model?

ii) Express the portfolio managers view in mathematical form. [3]

iii)What is the Black-Litterman adjusted values of expected return of the market? [9]

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