Question: Use the excerpts from the conversation below to help answer questions 11-12: Portfolio Manager X: Company ABC's fundamentals have been improving along with the Company

 Use the excerpts from the conversation below to help answer questions

Use the excerpts from the conversation below to help answer questions 11-12: Portfolio Manager X: Company ABC's fundamentals have been improving along with the Company ABC's share price for some time now. Though Company ABC is currently trading at a large premium relative to the market, I increased the weight of Company ABC in my portfolio because I believe the trend is my friend. Portfolio Manager Y: Company DEF's fundamentals have been deteriorating along with the Company DEF's share price for some time now. Though there is currently no catalyst for rapid repricing, Company DEF is trading at such a large discount relative to the market, I increased the weight of Company DEF in my portfolio because I believe in reversion to the mean. 11. Portfolio Manager X is most likely a investor; this type of investor should be especially careful ; a) contrarian b) value c) value d) growth e) growth ; of catching a falling knife to beat the fade of catching a falling knife to beat the fade of catching a falling knife 12. Portfolio Manager Y is most likely a investor: this type of investor should be especially careful ; a) contrarian b) value c) value d) growth e) growth of catching a falling knife to beat the fade of catching a falling knife to beat the fade of catching a falling knife

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