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28. If the semi-strong form of efficient market hypothesis does not fully hold, then active portfolio management will: a. perform as well as the market.

28. If the semi-strong form of efficient market hypothesis does not fully hold, then active portfolio management will:

a. perform as well as the market.

b. perform better than the market.

c. underperform passive investment strategies.

d. will perform the same as passive investment strategies.

e. cannot be determined from the information given.

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