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47. Which of the following observations concerning hedge funds is NOT true? A. They are pooled investment vehicles. B. Historically, they were not required to

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47. Which of the following observations concerning hedge funds is NOT true? A. They are pooled investment vehicles. B. Historically, they were not required to register with an exchange. C. Historically, they were subject to virtually no regulatory oversight. D. They usually take significant risk. E. They have to disclose their activities to third parties

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