Question
b. Why do we not subtract the risk-free rate from SMB or HML? Why do we subtract the riskfree rate from Rm ? c. Cahart
b. Why do we not subtract the risk-free rate from SMB or HML? Why do we subtract the riskfree rate from Rm ? c. Cahart (1997) incorporated a forth factor so called momentum into the Fama-French model. Define momentum and describe how it is measured.
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
