Studies of mutual$-$fund performance

A$)$ indicate that historical performance is not necessarily indicative of future

performance and indicate that the professional management of the fund insures above market

returns.

B$)$ indicate that historical performance is not necessarily indicative of future

performance.

C$)$ indicate that one should not randomly select a mutual fund.

D$)$ indicate that the professional management of the fund insures above market returns.

E$)$ indicate that one should not randomly select a mutual fund and indicate that historical

performance is not necessarily indicative of future performance.