Fama and French found evidence that long-term returns depend on _____ , price to book ratio, and _____ .
A) stock price, delta
B) net income, gamma
C) income from operations, theta
D) company size, beta

Question

Quizplus · Accepted Answer

Fama and French found evidence that long-term returns depend on company size and price to book ratio, adding these factors to their three-factor model which improved the explanation of portfolio returns over the CAPM model.

Fama and French Found Evidence That Long-Term Returns Depend on _____