How did Fama and French (1996) counter criticisms of their three-factor model? Do you think that multifactor
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How did Fama and French (1996) counter criticisms of their three-factor model? Do you think that multifactor models are needed to more fully price assets or are investors irrational leading to anomalous returns in the market not explained by the CAPM market factor?
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Fama and French 1996 responded to criticisms of their threefactor model in several ways Size and BooktoMarket Factors The original threefactor model p...View the full answer
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Related Book For
Investment Valuation And Asset Pricing Models And Methods
ISBN: 9783031167836
1st Edition
Authors: James W. Kolari, Seppo Pynnönen
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