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Consider a straight downward trend market over a certain period, which of the following is TRUE about the CPPI rebalancing strategy? I It does better

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Consider a straight downward trend market over a certain period, which of the following is TRUE about the CPPI rebalancing strategy? I It does better than constant-mix, but worse than buy-and-hold II It sells more stocks than buy-and-hold over the period I only I and II Neither I nor II II only

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