Question: Your portfolio returned 13% last year, with a beta equal to 1.5. The market return was 10%, and the risk-free rate 4%. Did you earn

Your portfolio returned 13% last year, with a beta equal to 1.5. The market return was 10%, and the risk-free rate 4%. Did you earn more or less than the required rate of return on your portfolio? (Use Jensen's measure.)

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