Question: The term excess return refers to the . returns earned illegally by means of insider trading difference between the rate of return earned and the

The term excess return refers to the
.
returns earned illegally by means of insider trading
difference between the rate of return earned and the risk-free
rate
difference between the rate of return earned on a particular
security and the rate of return eamed on other securities of
equivalent risk
portion of the return on a security that represents tax liability and
therefore cannot be reinvested
 The term excess return refers to the . returns earned illegally

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