Consider the data presented below on three mutual funds and the market. ...

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Finance

Consider the data presented below on three mutual funds and the market.

Standard
Fund Beta Deviation Return
AAA 0.85 7% 14%
BBB 1.15 5% 18%
CCC 0.99 8% 20%
Market 1 8% 12%

Assume the risk free rate is 3 percent. What is the Jensen Measure for the AAA fund?

0.00%

8.09%

3.35%

4.65%

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