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According to Ball and Brown (1968, An empirical evaluation of accounting income numbers, Journal of Accounting Research), what fraction, on average, of stocks' annual cumulative

According to Ball and Brown (1968, "An empirical evaluation of accounting income numbers", Journal of Accounting Research), what fraction, on average, of stocks' annual cumulative average abnormal return can be captured with the ability to identify, a year in advance, whether stocks will have better or worse than expected annual income

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