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Studies of the performance of professionally managed mutual funds find that these funds: do not...

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Studies of the performance of professionally managed mutual funds find that these funds: do not outperform a market index. Assuming mutual fund managers rely primarily on public information this finding supports the semistrong form of the efficient market hypothesis Outperform a market index. Assuming mutual fund managers rely primarily on public information, this finding refutes the semistrong form of the efficient market hypothesis, outperform a market index Assuming mutual fund managers rely primarily on public information, this finding supports the semistrong form of the efficient market hypothesis do not outperform a market index. Assuming mutual fund managers rely primarily on public information, this finding refutes the semistrong form of the efficient market hypothesis. Both outperform a market index. Assuming mutual fund managers rely primarily on public information, this finding refutes the semistrong form of the efficient market hypothesis; and outperform a market index. Assuming mutual fund managers rely primarily on public information, this finding supports the semistrong form of the efficient market hypothesis

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