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Two investment advisers are comparing performance. One averaged a 17% rate of return and the other a 13.5% rate of return. However, the beta of

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Two investment advisers are comparing performance. One averaged a 17% rate of return and the other a 13.5% rate of return. However, the beta of the first investor was 1.5, whereas that of the second investor was 1. a. Can you tell which investor was a better selector of individual stocks (aside from the issue of general movements in the market)? Cannot determine First investor Second investor b. If the T-bill rate was 7% and the market return during the period was 10%, which investor would be considered the superior stock selector? Cannot determine Second investor First investor c. What if the T-bill rate was 4% and the market return was 13%? Cannot determine O First investor Second investor

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