3. Many investment management firms assign each of their security analysts to research a particular group of

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3. Many investment management firms assign each of their security analysts to research a particular group of stocks. (Usually these assignments are organized by industry.) How are these assignments an implicit recognition of the validity of factor-model relationships?

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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