Question
The return from the market last year was 12% and the risk-free rate was 5%. A hedge fund manager with a beta of 1.2 has
The return from the market last year was 12% and the risk-free rate was 5%. A hedge fund manager with a beta of 1.2 has an alpha of 3%. The return that the hedge fund manager earn is-------------%
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
