Multiple Choice
A portfolio manager's ranking within a comparison universe may not provide a good measure of performance because
A) portfolio returns may not be calculated in the same way.
B) portfolio durations can vary across managers.
C) if managers follow a particular style or subgroup,portfolios may not be comparable.
D) both b and c.
E) all of these.
Correct Answer:

Verified
Correct Answer:
Verified
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