An investment managers gross return is: A. an after-tax nominal, risk-adjusted return. B. the return earned by
Question:
An investment manager’s gross return is:
A. an after-tax nominal, risk-adjusted return.
B. the return earned by the manager prior to deduction of trading expenses.
C. an often used measure of an investment manager’s skill because it does not include expenses related to management or administration.
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C is correct Gross returns are calculated on a pretax basis trading expenses are accounte...View the full answer
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