Fundamentals of Corporate Finance
Fundamentals of Corporate Finance
11th Edition
ISBN: 9780077861704
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 22, Problem 7CRCT
Summary Introduction

Case summary: The coefficient market hypothesis implies that all mutual funds should obtain the same level of anticipated risk adjusted to returns. Hence, the mutual funds can be merely picked up at random.

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