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13 14 15 Question 29 (3 points) The empirical betas of actively managed mutual funds may be suspect became 16 17 18 19 20 21

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13 14 15 Question 29 (3 points) The empirical betas of actively managed mutual funds may be suspect became 16 17 18 19 20 21 1 portfolio alphas (o:) vary from fund to fund mutual fund portfolios have a large amount of unsystematic risk 22 23 24 portfolio turnover can be high 25 26 27 mutual fund return data is often outdated 28 29 30 fund managers have an incentive to manipulate their betas

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