You run the following regression for an asset managers portfolio. Relative to the Fama French 3 Factor model, the fund manager displays ___ .

	a	B	s	h
Coefficient	0.03	0.65	-1.20	0.80
t-stat	2.10	2.60	-3.02	1.04

You run the following regression for an asset managers portfolio. The fund's beta is ___ relative to the predictions of the CAPM.

	a	B	s	h
Coefficient	0.03	0.65	-1.20	0.80
t-stat	2.10	2.60	-3.02	1.04

QUESTION 22 You run the following regression for an asset manager's portfolio. Relative to the Fama French 3 Factor model, the fund manager displays a B S h Coefficient 0.03 0.65 -1.20 0.80 2.10 t-stat skill 2.60 -3.02 1.04 O no significant performance O under performance QUESTION 23 You run the following regression for an asset manager's portfolio. The fund's beta is relative to the predictions of the CAPM. a B S h Coefficient 0.03 0.65 -1.20 0.80 t-stat 2.10 2.60 -3.02 1.04 O high O low QUESTION 22 You run the following regression for an asset manager's portfolio. Relative to the Fama French 3 Factor model, the fund manager displays a B S h Coefficient 0.03 0.65 -1.20 0.80 2.10 t-stat skill 2.60 -3.02 1.04 O no significant performance O under performance QUESTION 23 You run the following regression for an asset manager's portfolio. The fund's beta is relative to the predictions of the CAPM. a B S h Coefficient 0.03 0.65 -1.20 0.80 t-stat 2.10 2.60 -3.02 1.04 O high O low