Fama and French (1992) found that
A) firm size had better explanatory power than beta in describing portfolio returns.
B) beta had better explanatory power than firm size in describing portfolio returns.
C) beta had better explanatory power than book-to-market ratios in describing portfolio returns.
D) macroeconomic factors had better explanatory power than beta in describing portfolio returns.
Correct Answer:
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Q18: In the results of the earliest estimations
Q19: _ argued in his famous critique that
Q20: If a professionally-managed portfolio consistently outperforms the
Q21: Tests of multifactor models indicate
A)the single-factor model
Q22: Fama and French (2002) studied the equity
Q24: Studies by Chan, Karceski, and Lakonishok (2003)
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Q27: The Fama and French three-factor model uses
Q28: Early tests of the CAPM involved
A)establishing sample
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