Research by Jeremy Stein of MIT resolves the dispute over whether beta is a sufficient pricing factor by suggesting that managers should use beta to estimate
A) long-term returns but not short-term returns.
B) short-term returns but not long-term returns.
C) both long-and short-term returns.
D) book-to-market ratios.
E) None of these was suggested by Stein.

Question

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The Answer of Research by Jeremy Stein of MIT resolves the dispute over whether beta is a sufficient pricing factor by suggesting that managers should use beta to estimate
A) long-term returns but not short-term returns.
B) short-term returns but not long-term returns.
C) both long-and short-term returns.
D) book-to-market ratios.
E) None of these was suggested by Stein.

Research by Jeremy Stein of MIT Resolves the Dispute Over