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Hi! Can you please help me with this finance question? Because of survivorship bias, hedge fund data are most likely to: a. overstate returns and

Hi!

Can you please help me with this finance question?

Because of survivorship bias, hedge fund data aremost likelyto:

a. overstate returns and overstate risk.

b. overstate returns and understate risk.

c. understate returns and overstate risk.

Thank you!

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