Examlex
Which of the following statements about Mary Whiton Calkins is TRUE?
Excess Return
The return on an investment that exceeds a benchmark or risk-free return.
Bogey Portfolio
An investment portfolio used as a benchmark to measure the performance of other portfolios.
Treynor Measure
A performance metric for determining how well an investment compensates the investor for risk taken, excluding unsystematic risk.
Risk-Free Return
The return on investment with no risk of financial loss, often represented by the yield on government securities.
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