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1. Hedge fund managers, unlike mutual fund managers, do not receive fund-performance-related fees.

True                                                                                                 False

2. If Ford Motors bought Hankook Tires it would be an example of vertical integration.

True                                                                                                 False

3. When looking at stocks to buy: The higher the P/E, the better.

True                                                                                                 False

4.Because of the Volcker Rule, there are restrictions in the relationships between large investment banks and hedge funds.

True                                                                                                 False

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