Jagannathan and Wang (2006)find that the CCAPM explains returns ______ the Fama-French 3-factor model and that the Fama-French 3-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
E)equally as well as; equally as well as

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Jagannathan and Wang (2006) find that the CCAPM explains returns better than the Fama-French 3-factor model and that the Fama-French 3-factor model explains returns better than the traditional CAPM.

Jagannathan and Wang (2006)find That the CCAPM Explains Returns ______