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If a portfolio has a Jensen measure of zero, then which of the following statements is correct? Jensen's measure: total return - (risk-free rate +

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If a portfolio has a Jensen measure of zero, then which of the following statements is correct? Jensen's measure: total return - (risk-free rate + beta[market return - risk-free rate]) It performed as well as it was expected to It outperformed the market if the market was falling. It has no return It provides support that the market is not efficient It was outperformed by the market if the market was rising

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