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True or False. Briefly explain your answers. a) If the strong-form of market efficiency is satisfied, then all assets should have the same expected abnormal

True or False. Briefly explain your answers. a) If the strong-form of market efficiency is satisfied, then all assets should have the same expected abnormal return. b) If diversification reduces a portfolio's standard deviation, then it also reduces a portfolio's expected return. c) If the fraction of human capital in an individual's total wealth portfolio falls with age, then the optimal fraction of that person's financial wealth allocated to stocks will decline.

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