Question: Two investment advisers are comparing performance. One averaged a 19% return and the other a 16% return. However, the beta of the first adviser was

Two investment advisers are comparing performance. One averaged a 19% return and the other a 16% return. However, the beta of the first adviser was 1.5, while that of the second was 1. If the T-bill rate were 6% and the market return during the period were 14%, which adviser would be the superior stock selector?

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