Given the vast resources available to mutual fund managers, Financial Management

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Given the vast resources available to mutual fund managers

Given the vast resources available to mutual fund managers, these managers on average have generally:

a. outperformed the overall market on a risk-adjusted basis.

b. beat broad-based indexes.

c. proved the market to be strong form efficient.

d. underperformed the market on a risk-adjusted basis.

e. eliminated excess profits for arbitrageurs.

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Financial Management: Given the vast resources available to mutual fund managers

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Financial Management: Given the vast resources available to mutual fund managers

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