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Assume markets are perfectly efficient, so no asset manager can beat the market by skill, only by luck, with a 50% chance every year. If
Assume markets are perfectly efficient, so no asset manager can beat the market by skill, only by luck, with a 50% chance every year. If there are 5000 funds, how many would you expect to have beaten their benchmark index every year for the past 6 years? Enter answer to two decimal places, do not round Step by Step Solution
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The School Fundraising Handbook
Authors: Lindsey Marsh
1st Edition
1785834266, 978-1785834264
