Portfolio managers martin and krueger each manage 15, Financial Management

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Portfolio managers martin and krueger each manage 15

Portfolio managers Martin and Krueger each manage $1.5 million funds. Martin has perfect foresight, and the call option value of his perfect foresight is $225,000. Krueger is an imperfect forecaster and correctly predicts 45% of all bull markets and 66% of all bear markets. The correct measure of timing ability for Krueger is __________.

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