Phil Realized a Total Return of 13

question 23

Multiple Choice

Phil realized a total return of 13.2 percent which is less than his expected return of 14.4 percent.What is the amount of his unexpected return?

• A)-1.2 percent
• B)-0.6 percent
• C)0.6 percent
• D)1.2 percent
• E)1.3 percent

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Definitions:

Hedge Fund

A private investment partnership that uses complex strategies and investments to generate high returns for its investors.

Acquisitions

The process by which one company takes over another, either by purchasing it outright or through a merger.

SEC Oversight

The supervisory role of the Securities and Exchange Commission in regulating and enforcing federal securities laws.

Regulatory Oversight

The supervisory activities conducted by a governmental or regulatory body to ensure compliance with laws, regulations, and standards.