Explain how Jensen's differential return measure is derived from the CAPM.

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Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

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Question Posted: Dec 15, 2015 06:36 AM

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Explain how Jensen's differential return measure is derived from the CAPM.

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Start with the CAPM equation using a portfolio subscript p If investors expect...View the full answer

Investments Analysis and Management

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