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mutual fund

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Question

Which index should be used as a benchmark when evaluating the performance of XYZ mutual fund? Index 1.

Beta 0.75 /R-squared 0.80,  Index 2. Beta 1.1/R-squared 0.90, Index 3. Beta 1.25/R-squared 0.95, Index 4. Beta 1.5/r-squared 0.50

 
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