Multiple Choice
__________ portfolio manager(s) experience streaks of abnormal returns which are hard to label as lucky outcomes,and ____ anomalies in realized returns have been sufficiently persistent such that portfolio managers could use them to beat a passive strategy over prolonged periods.
A) No; no
B) No; some
C) Some; no
D) Some; some
Correct Answer:

Verified
Correct Answer:
Verified
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