o 100% in MOM o 50% in MKT RF and 50% in SMB o 100% in SMB Question 13 4 pts Rachael is a portfolio manager for an active managed fund. She implements a pairs trade where she takes equal long and short positions in two stocks in a single industry. These positions are constructed so that returns of this strategy have no correlation with equity market returns. Relative to a long-only strategy, the expected alpha of the pairs trade strategy is most likely: o similar. o twice. o half. | Proctorilo 4 pts Question 14