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Two investment advisers are comparing performance. One averaged 19% return and the other at 16%. However, the beta of the first adviser was 1.5, while

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Two investment advisers are comparing performance. One averaged 19% return and the other at 16%. However, the beta of the first adviser was 1.5, while that of the second was 1. a. Can you tell which adviser was a better selector of individual stocks? b. If the T-bill rate were 5% and the market return during the period were 15%, which adviser would be the superior stock selector

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