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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.
B. on average about the same as those
C. substantially higher than
A. substantially lower than
B. on average about the same as those
C. substantially higher than
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe the practical strengths and limitations of the fundamental law of active management.
CFA® 2025 Level II Curriculum, Volume 6, Module 38.