Bill Smith is evaluating the performance of four large-cap equity portfolios: Funds A, B, C, and D.
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The difference in rankings for Funds A and D is most likely due to:
a. A lack of diversification in Fund A as compared to Fund D.
b. Different benchmarks used to evaluate each fund€™s performance.
c. A difference in riskpremiums.
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a A lack of diversification in Fund A as compared to F...View the full answer
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