THE S&P 500 MAY NOT AN APPROPRIATE BENCHMARK COMPARISON FOR THE...

1. - L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2005
L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2005

1. The S&P 500 may not an appropriate benchmark

comparison for the Foreman Fund, resulting in Foreman’s

R

2

with the S&P 500 Index,

Foreman may not be an actively

low R

2

.