Fund A has no ability to generate positive CAPM alpha. Fund B has...
Fund A has no ability to generate positive CAPM alpha. Fund B has ability to generate positive CAPM alpha.
a. Fund A may still make money on average if it invests in the market portfolio with zero alpha
b. None of the above
c. Fund A will not make money on average in the long term
d. Fund B will always make money every yea
