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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Related Book For
Essentials Of Investments
ISBN: 9780697789945
8th Edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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