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The manager of fund A is a very capable trader with an excellent track record in trading. Consider the following two possible outcomes for this

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The manager of fund A is a very capable trader with an excellent track record in trading. Consider the following two possible outcomes for this manger's investing performance for the coming year: i. By midyear, he will be under-performing the benchmark. li. By midyear he will be under-performing the benchmark, but by year-end he will have out- performed it. Consider an investor who suffers from the conjunction fallacy. He believes... Select one: O a. There isn't sufficient information to answer this question. b. Outcome (li) is more likely. c. Outcomes (i) and (ii) are equally likely. d. Outcome (1) is more likely

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