The Jensen Portfolio Evaluation Measure

question 23

Multiple Choice

The Jensen portfolio evaluation measure

• A) is a measure of return per unit of risk, as measured by standard deviation.
• B) is an absolute measure of return over and above that predicted by the CAPM.
• C) is a measure of return per unit of risk, as measured by beta.
• D) is a measure of return per unit of risk, as measured by standard deviation, and is an absolute measure of return over and above that predicted by the CAPM.
• E) is an absolute measure of return over and above that predicted by the CAPM, and is a measure of return per unit of risk, as measured by beta.

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Definitions:

Describer

An individual or tool that articulates or depicts the characteristics, features, or aspects of something.

Deferred Imitation

The cognitive process where a person, often a child, observes and replicates others' actions at a later time, without the model being present.

Explicit Memory

A type of long-term memory involving conscious recollection of factual information, previous experiences, and concepts.

Child-Directed Speech

A type of speech characterized by exaggerated expressions, simpler vocabulary, and clearer pronunciation, used by adults when talking to young children.