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Basic Question 0 of 7
If a float-adjusted capitalization-weighted market index is used as the benchmark, active investors as a group ______
B. cannot outperform the market.
C. can tie to the performance of the market at the minimum.
A. most likely outperforms the market.
B. cannot outperform the market.
C. can tie to the performance of the market at the minimum.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
calculate and interpret the information ratio (ex post and ex ante) and contrast it to the Sharpe ratio;
CFA® 2025 Level II Curriculum, Volume 6, Module 38.