Question: 1. Active mutual fund managers who reported negative alpha must have held ___. A. not enough information is given B. undervalued securities C. overvalued securities

1. Active mutual fund managers who reported negative alpha must have held ___.
A. not enough information is given
B. undervalued securities
C. overvalued securities
D. None of these
2. True or False? If stock A is more volatile than stock B, then stock A must have higher beta than stock B.

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