Assume that in any given year, 6 out of ten stocks outperform the general market. Also assume

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Assume that in any given year, 6 out of ten stocks outperform the general market.

Also assume that all investors have zero stock picking skill. Assume that 6 years ago, we had 30,000 investors trying to beat the market every year. After six years, how many investors would have perfect records?

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Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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Posted Date: Apr 07, 2024 08:19 AM

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Assume that in any given year, 6 out of ten stocks outperform the general market. Also assume

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Fundamentals of Cost Accounting

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