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Which of the following is the definition for the value added (active return) from security selection? A. It is the weighted average of active asset

Which of the following is the definition for the value added (active return) from security selection?

A. It is the weighted average of active asset returns multiplied by portfolio asset weights in the active portfolio.

B. It is the weighted average of benchmark asset returns multiplied by active asset weights in the active portfolio

C. It is the weighted average of benchmark asset returns multiplied by portfolio asset weight.

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