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Which of the following statements is not true? I - Because expected returns on stocks exceed expected returns on bonds, stocks should actually outperform bonds
Which of the following statements is not true?
I - Because expected returns on stocks exceed expected returns on bonds, stocks should actually outperform bonds every year. II - Because expected returns on stocks exceed expected returns on bonds, it is more reasonable to expect that stocks will outperform bonds in any given year. III - Expected return is not the return one will actually receive. IV - Expected return on stocks is not independent of risk.
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