Studies of the Performance of Professionally Managed Mutual Funds Find

question 61

Multiple Choice

Studies of the performance of professionally managed mutual funds find that these funds:

• A)do not outperform a market index.Assuming mutual fund managers rely primarily on public information,this finding supports the semistrong form of the efficient market hypothesis.
• B)do not outperform a market index.Assuming mutual fund managers rely primarily on public information,this finding refutes the semistrong form of the efficient market hypothesis.
• C)outperform a market index.Assuming mutual fund managers rely primarily on public information,this finding supports the semistrong form of the efficient market hypothesis.
• D)outperform a market index.Assuming mutual fund managers rely primarily on public information,this finding refutes the semistrong form of the efficient market hypothesis.
• E)Both C and D.

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Definitions:

Fraudulent Taking

An act of taking someone's property illegally, with deceit or trickery.

Personal Property

Property that includes movable items, such as furniture and vehicles, as opposed to real estate or real property.

Aggravated Robbery

A form of robbery that involves using a weapon, causing serious injury, or other threatening circumstances.

Simple Robbery

The act of unlawfully taking property from another person through force or threat of force, without the aggravating factors of armed robbery.