Which of the following is consistent with the expectation that exploiting a structural inefficiency is repeatable? A.
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Which of the following is consistent with the expectation that exploiting a structural inefficiency is repeatable?
A. The inefficiency is a unique event that occurs infrequently.
B. The level of gross return is equal to the amount of transaction costs and expenses.
C. The aggregate value of all assets affected by the inefficiency is larger than the AUM of the manager and its competitors.
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C The aggregate value of all assets affected by the inefficiency is larger than the AUM of the manag...View the full answer
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