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1. Active mutual fund managers who reported negative alpha must have held ___. A. not enough information is given B. undervalued securities C. overvalued securities

1. Active mutual fund managers who reported negative alpha must have held ___.

A. not enough information is given

B. undervalued securities

C. overvalued securities

D. None of these

2. True or False? If stock A is more volatile than stock B, then stock A must have higher beta than stock B.

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