Q. The Black-Litterman model and Treynor-Black model are (Solved)
1. nice in theory but practically useless in modern portfolio management.
2. complementary tools that should be used in portfolio management.
3. contradictory models can not be use together; therefore, portfolio managers must choose which one suits their needs.
4. not useful due to their complexity.
- b. complementary tools that should be used in portfolio management.