发帖
雷达卡
Two investment advisers have obtained the following returns in years 1-5.
The riskfree rate in each of those years was 5%.
Market
Adviser 1
Adviser 2
return
return
return
Year 1
0.10
0.075
0.125
Year 2
0.20
0.125
0.275
Year 3
0.25
0.15
0.350
Year 4
0.15
0.1
0.2
Year 5
0.30
0.175
0.425
(a)
Which adviser incurs more market risk? Show your work.
(b)
If each advisor takes the same risk in year 6 as (s)he took in the previous five years, the riskfree rate is 6% and the market return is 20%, which adviser would be the better stock predictor if adviser 1 obtains a 15% return and adviser 2 gets 25%?
京公网安备 11010802022788号
