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Which of the following statements is (are) TRUE? 1. The efficient market hypothesis states that it is typical for a mutual fund manager to

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Which of the following statements is (are) TRUE? 1. The efficient market hypothesis states that it is typical for a mutual fund manager to be able to beat the market. II. The efficient market hypothesis says that the prices of traded assets do not reflect all publicly available information. III. If the efficient market hypothesis is true, then the only way to consistently outperform the market is to use insider information. III only I and III only I only Il only

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