Why are the following effects considered efficient market anomalies? Are there rational explanations for these effects? a.

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Why are the following “effects” considered efficient market anomalies? Are there rational explanations for these effects?

a. P/E effect

b. Book-to-market effect

c. Momentum effect

d. Small-fi rm effect

 LO.1

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Essentials Of Investments

ISBN: 9780697789945

8th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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