单选题
Index funds are:
A. on average underpriced by 15%, but this underpricing varies over time, which supports the EMH.
B. on average overderpriced by 15%, but this overpricing varies over time, which supports the EMH.
C. security portfolios designed to duplicate the composition and therefore the performance of a selected market index series.
A
B
C
【正确答案】
C
【答案解析】
Index funds are security portfolios designed to duplicate the composition and therefore the performance of a selected market index series.
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