Which of the following statements would the Elton Gruber Rentzler study agree with Commodity funds took initial positions which were both long and short Returns on commodity funds were highly correlated with inflation Commodity funds had relatively small transaction costs On average, commodity funds produced large excess returns

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Which of the following statements would the Elton-Gruber-Rentzler study agree with? Commodity funds took initial positions which were both long and short Returns on commodity

Which of the following statements would the Elton-Gruber-Rentzler study agree with?

		Commodity funds took initial positions which were both long and short
		Returns on commodity funds were highly correlated with inflation
		Commodity funds had relatively small transaction costs
		On average, commodity funds produced large excess returns

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