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Book-to-market anomaly (the fact that one can make positive alphas by buying high book-to-market stocks and shorting low book-to-market stocks) is evidence against a. technical

Book-to-market anomaly (the fact that one can make positive alphas by buying high book-to-market stocks and shorting low book-to-market stocks) is evidence against

a. technical analysis

b. the semi strong-form efficient market hypothesis.

c. active portfolio management.

d. fundamental analysis.

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