The Fama and French evidence that high book to market firms outperform low book to market firms even after adjusting for beta means _________.
A) high book to market firms are underpriced
B) low book to market firms are underpriced
C) either high book to market firms are underpriced or the book to market ratio is a proxy for a systematic risk factor
D) high book to market firms have more post earnings drift
Correct Answer:
Verified
Q44: Stock market analysts have tended to be
Q46: According to the semistrong form of the
Q47: Most tests of semistrong efficiency are _.
A)
Q49: "Active investment management may generate additional returns
Q52: If the U.S.capital markets are not informationally
Q52: J. M. Keyes put all his money
Q54: Important characteristic(s)of market efficiency is that _.
I.there
Q56: The broadest information set is included in
Q57: DeBondt and Thaler (1985)found that the poorest
Q59: Which of the following contradicts the proposition
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents