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.

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Definitions:

Childhood Onset Fluency

A speech disorder originating in childhood that affects the flow, speed, and rhythm of speech, often referred to as stuttering.

Stutters

A speech disorder characterized by repeated or prolonged sounds, syllables, or words, disrupting the normal flow of speech.

Language Disorder

A neurodevelopmental disorder that affects how one understands, speaks, and communicates.

Written Language

A system of communication using visual symbols to represent the units of a language systematically.