Which of the following statements regarding asset allocation is false? (a) If you have invested in several

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Which of the following statements regarding asset allocation is false?

(a) If you have invested in several broad investment classes, you are practicing asset allocation.

(b) Studies have shown that as much as 90 percent of overall long-term performance of a portfolio is attributable to the asset allocation mix.

(c) An investor’s asset allocation mix should not change over time.

(d) All of the above are true.

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