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Thanks, bannisja.

I thought risk free investment was always T-bills or similar. But in relative return and especially fixed horizon strategy, it's what you said....I had that line highlighted but have no footprint in my mind. I believe I have a lot like in the study, it's kind too late to catch them all. CFAI likes to test small thing appears once or twice in the curriculum, such as active impact, or front-loaded. thanks again.

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