11. AQR Capital Management estimates that the real return on equities will be about percent in the future. a. 2 b. 24 C. 6 d. 8 12. The typical tenure of an actively managed mutual fund manager is about years. a. under three b. three to seven seven to ten d. over ten 13. The vast majority of index funds have about the same expense ratio. a. True b. False 14. For bond funds, long term portfolios are generally thought to be safer than short- term portfolios. a. True b. False C