1. (60 points) Short Answer Questions Are the following statements True, False or Ambiguous? Provide a short (one or two sentence) justification for each of your answers. Your score will be based on your justification (i.e., a correct answer with no or incorrect justification may receive zero points). (a) (10 points) From class we know that fund performances are not persistent but investors chase past fund performances. This investor behavior has to be irrational