Most Professionally Managed Equity Funds __________

Multiple Choice

Most professionally managed equity funds __________.

A) outperform the S&P 500 index on both raw and risk-adjusted return measures
B) outperform the S&P 500 index on raw return measures and underperform the S&P 500 index on risk-adjusted return measures
C) underperform the S&P 500 index on both raw and risk-adjusted return measures
D) underperform the S&P 500 index on raw return measures and outperform the S&P 500 index on risk-adjusted return measures