If a Market Proxy Portfolio Consistently Beats All Professionally Managed

question 21

Multiple Choice

If a market proxy portfolio consistently beats all professionally managed portfolios on a risk-adjusted basis,it may be concluded that

• A)the CAPM is valid.
• B)the market proxy is mean/variance efficient.
• C)the CAPM is invalid.
• D)A and B.
• E)B and C.

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Definitions:

Parental Responsiveness

The degree to which parents are sensitive and responsive to their children's needs, emotions, and signals.

Parental Income

Refers to the total earnings obtained by a child's parents or guardians, which can impact the child's access to resources and opportunities.

Amount

A quantity of something, typically measured in numerical terms, indicating how much is present or required.

Neighborhood Context

The social, economic, and physical conditions of an area in which people live and interact.