Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 0 of 6
Active return is equal to ______.
B. portfolio return - market portfolio return
C. portfolio return - benchmark return
D. active factor return + active specific return
A. market portfolio return - risk-free return
B. portfolio return - market portfolio return
C. portfolio return - benchmark return
D. active factor return + active specific return
User Contributed Comments 0
You need to log in first to add your comment.
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare theories of commodity futures returns;
describe, calculate, and interpret the components of total return for a fully collateralized commodity futures contract;
contrast roll return in markets in contango and markets in backwardation;
CFA® 2025 Level II Curriculum, Volume 5, Module 33.