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the answer is not c An investor who uses only the Treynor ratio to evaluate the performance of a mutual fund is most likely to

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An investor who uses only the Treynor ratio to evaluate the performance of a mutual fund is most likely to conclude: a. Total risk is more important than systematic risk b. The fund is not well-diversified. c. A measure of market portfolio performance is essential to evaluate the fund d. The beta of the fund captures the relevant risk of the fund

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