Multiple Choice
Malkiel (1995) calculated that the average alphas,or abnormal returns,on a large sample of mutual funds between 1972 and 1991 were
A) significantly positive.
B) significantly negative.
C) statistically indistinguishable from zero.
D) positive before 1981 and negative thereafter.
E) negative before 1981 and positive thereafter.
Correct Answer:
Verified
Correct Answer:
Verified
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