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Which of the following statements about the mutual-fund theorem is true? I) It is similar to the separation property.II) It implies that a passive investment strategy can be efficient.III) It implies that efficient portfolios can be formed only through active strategies.IV) It means that professional managers have superior security-selection strategies.
Construction Industry
The sector of the economy focused on building or assembling infrastructure, buildings, and other physical structures.
Civil Engineering
An engineering discipline that focuses on the design, construction, and maintenance of the physical and naturally built environment.
Endless Chain
A method of generating sales leads where each prospect provides the name of another potential customer, creating a continuous chain of contacts.
Cosmetic Products
Items designed to enhance or alter the appearance of the face and body, such as makeup, skincare, and fragrance products.
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