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Business, 30.05.2021 22:30 tommyaberman

An investment adviser has developed a proprietary trading system that has consistently achieved 20% annual returns over the past 5 years. During this period, the Standard and Poor's 500 Index has increased by 10% per year. Other advisers that offer similar services charge an annual advisory fee equal to 5% of annual assets under management. This adviser wishes to charge an annual fee equal to 10% of assets under management since it believes that its services are superior. Which statement is TRUE

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