Investments, 11th Edition (exclude Access Card)
Investments, 11th Edition (exclude Access Card)
11th Edition
ISBN: 9781260201543
Author: Zvi Bodie Professor; Alex Kane; Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Chapter 24, Problem 13CP

A

Summary Introduction

To think critically about: Unbiased nature of the median benchmark over the period of time.

Introduction: After a period of time benchmark becomes biased in nature to measure the performance of managers.

B

Summary Introduction

To think critically about: Unambiguous nature of the benchmark to adopt a passive approach.

Introduction: The median manager is ambiguous in nature. It gives identification after the performance evaluation.

C

Summary Introduction

To think critically about: Appropriateness of the benchmark in all circumstances.

Introduction: Benchmarks are not appropriate in all conditions. They are steady in nature while giving the manager’s style.

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