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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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