In Measuring the Comparative Performance of Different Fund Managers,the Preferred

question 58

Multiple Choice

In measuring the comparative performance of different fund managers,the preferred method of calculating rate of return is __________.

• A)internal rate of return
• B)arithmetic average
• C)dollar-weighted
• D)time-weighted
• E)none of the above

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Definitions:

Probate

The legal process through which a deceased person's will is validated and their estate is distributed to beneficiaries.

General Legacy

A bequest of a specified amount of money or a percentage of the estate to a beneficiary, as stipulated in a will.

Personal Property

Movable assets owned by an individual or an entity, such as vehicles, furniture, and equipment, in contrast to real property like land or buildings.

Abatement

A reduction or decrease, often referred to in the context of taxes, rent, or legal penalties.