Possible explanations for the role of the book value to market value in explaining stock returns include

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Possible explanations for the role of the book value to market value in explaining stock returns include all but which of the following:

A. The book value to market value ratio is a proxy for risk.

B. The book value to market value ratio is a proxy for future growth.

C. The book value to market value ratio is a proxy for financial leverage.

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Analysis Of Financial Statements

ISBN: 9781118299982

3rd Edition

Authors: Frank J. Fabozzi, Pamela Peterson Drake

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