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  3. which one of the following statements is correct?

Which one of the following statements is correct? A. ...

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Finance

  1. Which one of the following statements is correct?

    A.

    The number of general equity mutual funds has decreased over the past 20 years due to their underperformance as compared to index funds.
    B.

    Professional money managers outperformed the Vanguard 500 Index Fund on an annual basis in less than 10 years for the period 1986-2014.
    C.

    The survivorship bias lowers the returns earned by professional money managers as a group.
    D.

    Professional money managers outperformed the Vanguard 500 Index Fund on an annual basis more than half the time for the period 1986-2014.
    E.

    In an efficient market, there is no need for professional money managers.

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