Question: The efficient market hypothesis suggests that ___ a. active portfolio management strategies are the most appropriate investment strategies b. a bottom up approach is the
The efficient market hypothesis suggests that ___
a. active portfolio management strategies are the most appropriate investment strategies
b. a bottom up approach is the most appropriate investment strategy
c. Passive portfolio management strategies are the most appropriate investment strategies
d. either active or passive strategies may be appropriate, depending on the expected direction of the market
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