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Problem 3 (a) If you want to evaluate overall portfolio performance which measure should you use: Sharpe Ratio or Treynor measure. Why? (b) Evaluate the

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Problem 3 (a) If you want to evaluate overall portfolio performance which measure should you use: Sharpe Ratio or Treynor measure. Why? (b) Evaluate the following investment advice: "Since one can easily short market portfolio one SHOULD always hedge/eliminate market risk from a portfolio

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