Treynor Developed the First Composite Measure of Portfolio Performance by Introducing

question 43

True/False

Treynor developed the first composite measure of portfolio performance by introducing the capital market line, which defines the relationship between the return of a portfolio over time and the return for the market portfolio.

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Definitions:

Promissory Estoppel

A law-based concept stopping a person from denying a vow made to another when the second party has legitimately acted on that vow to their detriment.

Article 2

Article 2 often refers to a specific section within a larger legal document or code, such as the Uniform Commercial Code in the United States, which deals with the sale of goods.

UCC

The Uniform Commercial Code represents a detailed collection of regulations that oversee every commercial transaction within the United States.

Parol Evidence Rule

A legal rule that prevents the introduction of evidence of prior or contemporaneous oral and written statements to alter the terms of a written contract.