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badonkus

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tT
发表于 2011-7-13 13:06 | 只看该作者

ALpha, Mock 2 Q59

expected, security, between, definition
Afetrnoon exam, Mock 2 Q59.


I thought alpha was the differential between return on security i and market return, Why is the CFAI calculating it as forecasted return less expected reurn. Is that the definition of ex ante alpha)

 

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