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An investment adviser has decided to purchase a few alternative investments, some stocks, and five bonds with equal amounts invested in each of these three
An investment adviser has decided to purchase a few alternative investments, some stocks, and five bonds with equal amounts invested in each of these three categories. This decision reflects which part of the investment process?
Security selection
Asset allocation
Investment analysis
Portfolio analysis
______ management is best applied when an investor believes that markets are inefficient.
Independent
Passive
Active
Behavioral
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