If a market is semistrong-form efficient, the risk-adjusted returns of a passively managed portfolio relative to an

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If a market is semistrong-form efficient, the risk-adjusted returns of a passively managed portfolio relative to an actively managed portfolio are most likely:

A. Lower.

B. Higher.

C. The same.

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Related Book For  answer-question

Investments Principles Of Portfolio And Equity Analysis

ISBN: 9780470915806

1st Edition

Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard

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