Question: Investors may not be able to exploit behavioral biases due to I) fundamental risk. II) implementation costs. III) model risk. IV) conservatism. V) regret avoidance.

Investors may not be able to exploit behavioral biases due to I) fundamental risk. II) implementation costs. III) model risk. IV) conservatism. V) regret avoidance.

Select one:

a. I and II only

b. I, II, and III

c. I, II, III, and V

d. II, III, and IV

e. IV and V

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