Suppose an individual wishes to assess whether he/she historically would have been better off with an actively-managed fund or a low-cost index fund. One should examine the actively-managed fund's alpha ________ to make this assessment. 1 point Measured with GROSS returns (i.e., before subtracting out the annual expense charged to investors) Measured with NET returns (i.e., after subtracting out the annual expense charged to investors)
