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Two investment advisers are comparing performance. One averaged a 19% return and the other a 16% return. However, the beta for the first adviser was

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Two investment advisers are comparing performance. One averaged a 19% return and the other a 16% return. However, the beta for the first adviser was 1.5 and that of the send was 1.0. a) Can you tell which adviser was a better selector of individual stocks (aside from the issue of general movements on the market)? b) If the T-bill rate were 6%, and the market return during the period were 14%, which adviser would be the superior stock selector? arch RI > E S. 3 5 6 7 8 9 O E R. T o P S D F G . K 2 X C V . N M . 0 page ctri

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