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Which statement(s) accurately describes asset allocation and security selection? Asset allocation involves determining the proportion to invest in each asset class. Asset allocation, or top-down
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Which statement(s) accurately describes asset allocation and security selection?
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Asset allocation involves determining the proportion to invest in each asset class.
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Asset allocation, or top-down portfolio construction, is the appropriate method only if you believe markets are efficient and seek a passive investment approach.
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Both I and II
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II only
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Neither I nor II
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I only
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