The Lei Fund had a risk-adjusted rate of return (RAROR) last year of -3.0%. This means
A)
the fund underperformed the overall market.
B)
the fund outperformed the overall market.
C)
the overall market performed poorly.
D)
the fund had a negative beta.
A
Business
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An investor in the 25% marginal tax bracket purchased a bond for $983, received $85 in interest, and then sold the bond for $955 after holding it for six months
The tax rate for capital gains with holding periods in excess of one year is 15%. What are the pre-tax and post-tax holding period returns? A) 5.8%; 4.3% B) 6.0%; 4.5% C) 5.8%; 4.5% D) 6.0%; 4.3%
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