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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 8 years? Enter answer to two decimal places, do not round
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Options Futures And Other Derivatives
Authors: John C. Hull
7th Edition
0136015867, 9780136015864
