The risk free rate, average returns, standard deviations and betas for three funds and the S&P500 are given below. 
-Which one of the following is largely based on forecasts of macroeconomic factors?
Definitions:
Empowering Leaders
Leaders who encourage and enable employees to take initiative, make decisions, and assume higher levels of responsibility.
Leadership Style
The manner and approach of providing direction, implementing plans, and motivating people.
Meaning
The significance, purpose, or understanding attributed to an event, object, or concept, often influencing individuals' perceptions and actions.
Competence
The ability to do something successfully or efficiently, often referring to a specific skill or knowledge area.
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