Question: Given the vast resources available to mutual fund managers, these managers, on average, have generally Multiple Choice outperformed the overall market on a risk -

Given the vast resources available to mutual fund managers, these managers, on average, have generally
Multiple Choice
outperformed the overall market on a risk-adjusted basis.
eliminated excess profits for arbitrageurs.
proved the market to be strong form efficient.
beat broad-based indexes.
underperformed the market on a risk-adjusted basis.

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