Jagannathan and Wang (2006) find that the CCAPM explains returns ______ the Fama-French three-factor model, and that the Fama-French three-factor model explains returns ______ the traditional CAPM.
A)worse than; worse than
B)worse than; better than
C)better than; better than
D)better than; worse than

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The Answer of Jagannathan and Wang (2006) find that the CCAPM explains returns ______ the Fama-French three-factor model, and that the Fama-French three-factor model explains returns ______ the traditional CAPM.
A)worse than; worse than
B)worse than; better than
C)better than; better than
D)better than; worse than

Jagannathan and Wang (2006) Find That the CCAPM Explains Returns