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You are an investment manager who is currently managing assets worth $6 billion. You believe that active management of your fund could generate between an additional one tenth of 1% return on the portfolio. If you want to make sure your active strategy adds value, how much can you spend on security analysis?

A. $12,000,000

B. $6,000,000

C. $3,000,000

D. $0

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9441200

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