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Basic Question 1 of 2

The actual information ratios, after uncertainty of skill is accounted for, are ______ predicted by an objective application of the original form of the fundamental law.

A. substantially lower than
B. on average about the same as those
C. substantially higher than

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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

describe the practical strengths and limitations of the fundamental law of active management.

CFA® 2024 Level II Curriculum, Volume 6, Module 45.