Question: Last Word ) Before being adjusted for costs, Multiple Choice actively managed funds outperform index funds. actively managed funds and index funds perform about the

Last Word) Before being adjusted for costs,
Multiple Choice
actively managed funds outperform index funds.
actively managed funds and index funds perform about the same.
arbitrage equalizes the average expected rates of return and beta levels on index and actively managed funds.
index funds outperform actively managed funds.

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