In a Particular Year, Aggie Mutual Fund Earned a Return

question 46

Multiple Choice

In a particular year, Aggie Mutual Fund earned a return of 15% by making the following investments in the following asset classes: The return on a bogey portfolio was 10%, calculated as follows: The total excess return on the Aggie managed portfolio was

• A)1%.
• B)3%.
• C)4%.
• D)5%.

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Definitions:

Breach of Contract

Occurs when one party fails to fulfill their obligations under a contract, allowing the other party to seek legal remedies.

Unilateral Mistake

A situation in contract law where only one party is mistaken about a basic assumption on which a contract is made, which can impact the enforceability of the contract.

Mistake

An incorrect belief or understanding regarding a fact, judgment, or event that can affect the validity of a contract.

Avoidance

The legal process or action taken to nullify or declare a transaction void, preventing its enforcement.