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Scenario EC111 Christine's wealthy uncle asked her to invest $121,075 of his money in the stock market. Christine selected 25 different stocks to invest his

Scenario EC111 Christine's wealthy uncle asked her to invest $121,075 of his money in the stock market. Christine selected 25 different stocks to invest his money in (based on her students recommendations). Rather than have Christine invest his money, my uncle could have instead invested his money in a fund that tracks the S&P 500 index, a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S. The S&P 500 index is regarded as one of the best gauges of stock market performance over all. Today, the value of Christine's uncle's investment is down about 11%, and is worth $108,000. If my uncle had invested in an S&P-500 Index fund, his investment would be worth $122,150. Which statement is most likely true? Christine's investment made both an accounting and economic loss. O Christine's investment for her uncle made an economic profit and an accounting loss. O It's impossible to evaluate the profitablity of Christine's investment for her uncle. O Christine's investmen r her uncle

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