1. Replicating the returns for The Pros in the WSJ Dartboard Contest would have been nearly impossible, in part, because The Pros experienced an average 3 percent "pop" on the day each trial began. A gain that the investor reading the WSJ could not have captured.

True

False

2. According to Porter, The Pros beat the S&P 500 in the WSJ contest over the course of the contest solely because they had superior knowledge and skill.

True

False

3. According to the lecture, the extraordinary performance of Value Stocks in the Fama & French study was due to several significant factors during the test period, including divestitures, takeover threats, innovations and M&A activities.

True

False