Question: Benchmark risk: Multiple Choice is inevitable and is always a significant issue in practice. cannot be constrained to keep a Treynor - Black portfolio within

Benchmark risk:
Multiple Choice
is inevitable and is always a significant issue in practice.
cannot be constrained to keep a Treynor-Black portfolio within reasonable weights.
is inevitable and is never a significant issue in practice.
can be constrained to keep a Treynor-Black portfolio within reasonable weights.
None of the options are correct.

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