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Question 22 (3.333 points) The record of professional money managers shows that... on average, they outperform a passive investment strategy over time and that their
Question 22 (3.333 points) The record of professional money managers shows that... on average, they outperform a passive investment strategy over time and that their performance is consistent in successive periods of time on average, they under-perform a passive investment strategy over time, and that their performance is inconsistent in successive periods of time on average, they under-perform a passive investment strategy and that their performance is consistent in successive periods of time on average, they outperform a passive investment strategy but that their performance is inconsistent in successive periods of time
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