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You just received your annual performance statement from your investment advisor.The statement indicates that your portfolio return for the past year was up 11%.In addition,

You just received your annual performance statement from your investment advisor.The statement indicates that your portfolio return for the past year was up 11%.In addition, you noticed, within the statement, that the S&P rose 9.5%.Also, the statement reflected that your portfolio had a beta identical to the S&P 500.Further on, you noticed that the risk-free rate of return was 1.5%.To your dismay, the statement did not provide what the risk-adjusted rate of return was for the year.Therefore, you called your investment advisor for a clarification.The investment advisor provides you with the risk-adjusted rate of return.Are you happy with the risk-adjusted portfolio performance?Explain fully. What is the portfolio's Risk-Adjusted Rate of Return and Jensen's Alpha Measure?

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