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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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