Question: Using the monthly return data given below, what is the arithmetic mean excess return? Date Nov-3 Dec-3 Jan-04 Portfolio P 0.95% 2.01% 3.14% Benchmark 0.86%

Using the monthly return data given below,  what is the arithmetic mean excess return? Date Nov-3 Dec-3 Jan-04 Portfolio P 0.95% 2.01% 3.14% Benchmark 0.86% 1.90%

Date Nov-3 Dec-3 Jan-04 Portfolio P 0.95% 2.01% 3.14% Benchmark 0.86% 1.90% 2.94%

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