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Which of the following statements is (are) true: I : Asset and portfolio returns are based on expectations. II: Expectations should be based on short-term
Which of the following statements is (are) true:
I : Asset and portfolio returns are based on expectations.
II: Expectations should be based on short-term historical observations.
Statement I is true; Statement II is false |
Both statements are false |
Both statements are true |
Statement I is false; Statement II is true |
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