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Two investment advisers are comparing performance. Adviser A averaged a 15% return with a portfolio beta of 1.5, and adviser B averaged a 15% return

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Two investment advisers are comparing performance. Adviser A averaged a 15% return with a portfolio beta of 1.5, and adviser B averaged a 15% return with a portfolio beta of 1.2. If the T-bill rate was 5% and the market return during the period was 13%, which adviser was the better stock picker? Advisor A was better because he generated a larger alpha. Advisor B was better because she generated a larger alpha. Advisor A was better because he generated a higher return. Advisor A and B are the same because their returns are the same

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