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You want to evaluate a mutual fund using the Jensen measure for performance evaluation. The risk-free return during the sample period is 6.54%, and the
You want to evaluate a mutual fund using the Jensen measure for performance evaluation. The risk-free return during the sample period is 6.54%, and the expected market risk premium is 12%. The average return, standard deviation and beta for the fund are given as 24.63%, 10% and 1.4, respectively. The funds Jensens alpha is closest to;
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