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When is it appropriate to use a Sharpe ratio for performance evaluation? A. When the investor is not exposed to the total risk of the

When is it appropriate to use a Sharpe ratio for performance evaluation?

A. When the investor is not exposed to the total risk of the portfolio.

B. When seeking the best risky investment for a complete portfolio.

C. When the investment is one of many to be included in a diversified portfolio.

D. When the relevant risk is defined in terms of market movements.

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