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    Exam 22: Measuring Risks and Returns of Portfolio Managers
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    One Primary Reason for the Long-Term Average Performance of Mutual
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One Primary Reason for the Long-Term Average Performance of Mutual

Question 13

Question 13

Multiple Choice

One primary reason for the long-term average performance of mutual funds in general is:


A) inflation.
B) high transaction costs.
C) volatile stock market conditions.
D) None of the above

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