The M² Measure of Portfolio Performance Was Developed by ______________

question 50

Multiple Choice

The M² measure of portfolio performance was developed by ______________.

• A) Modigliani and Treynor
• B) Modigliani and Modigliani
• C) Merton and Miller
• D) Fama and French

---

Definitions:

Salary Allowance

This term refers to a fixed amount or stipend that is given in addition to salary, often for the purpose of covering specific expenses.

Average Capital Investment

The mean amount of money invested in assets over a certain period, calculated to evaluate investments' performance or compare investment opportunities.

Capital Balances

The amount of money that shareholders have invested in a company, not including retained earnings or profits.

Sole Proprietorships

A form of business organization where a single individual owns, manages, and is responsible for all aspects of the business, including debts.