- CFA Exams
- CFA Exam: Level II 2021
- Study Session 9. Equity Valuation (1)
- Reading 25. Return Concepts
- Subject 1. Return concepts
CFA Practice Question
An asset's expected alpha is the difference between
B. expected return and required return.
C. realized return and required return.
A. expected return and realized return.
B. expected return and required return.
C. realized return and required return.
Correct Answer: B
This is also called the asset's ex ante alpha.
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