- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 41. Using Multifactor Models
- Subject 3. Multifactor Models: Selected Applications
CFA Practice Question
Active return is equal to ______.
B. portfolio return - market portfolio return
C. portfolio return - benchmark return
D. active factor return + active specific return
A. market portfolio return - risk-free return
B. portfolio return - market portfolio return
C. portfolio return - benchmark return
D. active factor return + active specific return
Correct Answer: C
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