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3. Which of the following statements about the Treynor ratio is correct?
The Treynor ratio considers both systematic and unsystematic risk of a portfolio.
The Treynor ratio is equal to the excess return of a portfolio over the risk-free rate divided by the total risk of the portfolio.
The Treynor ratio can be used to appraise the performance of well-diversified portfolios.
The Treynor ratio is derived from portfolio theory since it assesses a portfolio's excess return relative to its risk. | 
发表于 2009-6-13 11:22
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