Studies of the Performance of Professionally Managed Mutual Funds Find

question 29

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 refutes 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 supports the semistrong form of the efficient market hypothesis.
• C)outperform a market index.Assuming mutual fund managers rely primarily on public information, this finding refutes the semistrong form of the efficient market hypothesis.
• D)outperform a market index.Assuming mutual fund managers rely primarily on public information, this finding supports the semistrong form of the efficient market hypothesis.
• E)Both C and D.

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