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Regarding investor compensation for fraud risk, which of the following statements is incorrect? A. Investors are compensated for fraud risk with either higher returns or lower fees. B. Some have argued that investors may not avoid funds with high fraud risk if they are compensated in the form of higher risk-adjusted returns or lower management fees. C. Extensive tests do not indicate a statistically significant relationship between either fund alpha or fees and the probability of fund fraud. D. Investors should avoid high fraud risk investment firms. |