Q.61 Richard Cryer, FRM, is a fund manager in New York. During a workshop with junior managers, he made the following comments: I. The correct way to compare transactions costs incurred on the annual rate of gain from alpha and the annual rate of loss from active risk is to amortize the transactions costs where the rate of amortization depends on the anticipated holding period. II. The annualized transactions cost is given by round trip cost divided by the holding period in years. | Financial Risk Manager Part 2 Quiz - LeetQuiz