Studies of the Performance of Professionally Managed Mutual Funds Find

question 3

Multiple Choice

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

• A)all have a tendency to consistently outperform the overall market.
• B)perform in a manner consistent with semistrong form efficiency.
• C)all have a tendency to underperform the market consistently year after year.
• D)perform in a manner that definitely refutes both strong and semistrong form efficiency.
• E)indicate that stock prices consistently adhere to a daily continuation pattern.

---

Definitions:

March For Our Lives

Student-led protest on March 24, 2018, against gun violence and for gun control legislation in the United States.

Gun Control

The set of laws or policies that regulate the manufacture, sale, transfer, possession, modification, or use of firearms by civilians.

Full Freedom

A state or condition of being completely free, implying not only political and civil liberties but also freedom from oppression or restrictions.

Equality

The state or quality of being equal, especially in status, rights, and opportunities.