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Basic Question 2 of 11

The biggest problem of using the Sharpe ratio to measure the performance of alternative investments is:

A. It assumes a normally distributed returns but the returns profiles of alternative investments are not even symmetric.
B. It fails to include the correlation effect of alternative investments.
C. It fails to consider the impact of leverage.

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Craig Baugh

Craig Baugh

Learning Outcome Statements

describe the performance appraisal of alternative investments

CFA® 2024 Level I Curriculum, Volume 5, Module 2.