Bailey, Richards, and Tierney maintain that any useful benchmark should have the following characteristics.
A) Measurable.
B) Investable.
C) Value-weighted.
D) Choices a and b.
E) Choices a, b, and c.

Question

Quizplus · Accepted Answer

Bailey, Richards, and Tierney argue that for a benchmark to be useful, it must be measurable and investable, making choices A and B correct. They do not specify that a benchmark must be value-weighted, making choice D the correct combination.

Bailey, Richards, and Tierney Maintain That Any Useful Benchmark Should