Given the Vast Resources Available to Mutual Fund Managers,these Managers

Multiple Choice

Given the vast resources available to mutual fund managers,these managers on average have generally

A) outperformed the overall market on a risk-adjusted basis.
B) eliminated excess profits for arbitrageurs.
C) beat broad-based indexes.
D) proved the market to be strong form efficient.
E) underperformed the market on a risk-adjusted basis.