c. Choose the correct graph of the return differential series. A. Annualized Return Difference (%) 9 -8 MA 1 1 2 1 Rotation of Value and Growth Returns A S 198 Higher Value Stock Returns 7 8 9 1011121314151 1819) Higher Growth Month 21 22 23 24 o Annualized Return Difference (%) 8 -4 1-4 -5 -6 8 -9 10 N 567 Higher Value Stock Returns M M Month 910111213141516171819 20 21 22 23 24 Higher Growth Stock Retums C. Annualized Return Difference (%) 19 +8 0) 10 4 NO N 3 57 5 -6 -8 Rotation of Value and Growth Returns w Higher Value Stock Returns M 5 6 7 8 9 101112131415161718192021 Month 24 Higher Growth Stock Retums D. Annualized Return Difference (%) +9 m A in S ON Rotation of Value and Growth Returns 49 M Higher Value Stock Returns W 7 8 9 1011121314151617181920 Month Higher Growth Stock Retame The correct graph is -Select- -Select- d. The average return graph A graph premium statistic an graph C and short in growth Lgraph D by a minus sign. Higher Growth Stock Returs from part (b) is one way of calculating the risk premium associated with a value investment factor. Interpret this risk ow it can be seen as the average annualized return earned by a hedge fund following a strategy to go long in value stocks not round intermediate calculations. Round your answers to two decimal places. Negative values, if any, should be indicated A hedge fund that was following a strategy to go fong in value stocks and short in growth stocks would -Select- quite profitable. The hedge fund would have Select the average annualized return in the Value Index of %, thus -Select- it the additional risk premium of % e. Compute the percentage of the months in the two-year sample period when the rolling average annualized return to the growth index was actually larger than that for the value index. Do not round intermediate calculations. Round your answers to two decimal places. What, if anything, does this tell you about the reliability of the value risk premium over time? This means that the value risk premium of % was reliable for over % of the time in the period studied. 85 19 1-10 Higher Growth Stock Retums The correct graph is-Select-v d. The average return differential from part (b) is one way of calculating the risk premium associated with a value investment factor. Interpret this risk premium statistic and explain how it can be seen as the average annualized return earned by a hedge fund following a strategy to go long in value stocks and short in growth stocks. Do not round intermediate calculations, Round your answers to two decimal places. Negative values, if any, should be indicated by a minus sign. A hedge fund that was following a strategy to go long in value stocks and short in growth stocks would Select would have Select the average annualized return in the Value Index of %, thus Select have been not have been %. quite profitable. The hedge fund ditional risk premium of e. Compute the percentage of the months in the two-year sample period when the rolling average annualized return to the growth index was actually larger than that for the value index. Do not round intermediate calculations. Round your answers to two decimal places. What, if anything, does this tell you about the reliability of the value risk premium over time? This means that the value risk premium of % was reliable for over % of the time in the period studied. ung the sted with a value investment factor. Interpret this risk premium statistic and explain how it can be seen as the average annualized return earned by a hedge fund following a strategy to go long in value stocks and short in growth stocks. Do not round intermediate calculations. Round your answers to two decimal places. Negative values, if any, should be indicated by a minus sign. A hedge fund that was following a strategy to go long in value stocks and short in growth stocks would Select the average annualized return in the Value Index of quite profitable. The hedge fund %, thus Select it the additional risk premium of would have samed e. Compute the percentage of the months in the two-year sample period when the rolling average annualized return to the growth index was actually larger than that for the value index. Do not round intermediate calculations. Round your answers to two decimal places. What, if anything, does this tell you about the reliability of the value risk premium over time? This means that the value risk premium of was reliable for over Grade it Now % of the time in the period studied. Save & Continua average annualized return in the Value Index of %, thus -Select-it the additional risk premium of The hedge fund -Select earning losing of the months in the two-year sample period when the rolling average annozarecarn to the growth index was actually larger dex. Do not round intermediate calculations. Round your answers to two decimal places. mis tell you about the reliability of the value risk premium over time? e risk premium of % was reliable for over % of the time in the period studied. 10 The correct graph is Select d. The average return differential from part (b) is one way of calculating the risk premium associated with a value investment factor. Interpret this risk premium statistic and explain how it can be seen as the average annualized return earned by a hedge fund following a strategy to go long in value stocks and short in growth stocks. Do not round intermediate calculations. Round your answers to two decimal places. Negative values, if any, should be indicated by a minus sign. quite profitable. The hedge fund A hedge fund that was following a strategy to go long in value stocks and short in growth stocks would select would have select the average annualized return in the Value Index of %, thus Select-it the additional risk premium of e. Compute the percentage of the months in the two-year sample period when the rolling average annualized return to the growth index was actually larger than that for the value index. Do not round intermediate calculations. Round your answers to two decimal places. What, if anything, does this tell you about the reliability of the value risk premium over time? This hans that the value risk premium of % was reliable for over % of the time in the period studied. c. Choose the correct graph of the return differential series. A. Annualized Return Difference (%) 9 -8 MA 1 1 2 1 Rotation of Value and Growth Returns A S 198 Higher Value Stock Returns 7 8 9 1011121314151 1819) Higher Growth Month 21 22 23 24 o Annualized Return Difference (%) 8 -4 1-4 -5 -6 8 -9 10 N 567 Higher Value Stock Returns M M Month 910111213141516171819 20 21 22 23 24 Higher Growth Stock Retums C. Annualized Return Difference (%) 19 +8 0) 10 4 NO N 3 57 5 -6 -8 Rotation of Value and Growth Returns w Higher Value Stock Returns M 5 6 7 8 9 101112131415161718192021 Month 24 Higher Growth Stock Retums D. Annualized Return Difference (%) +9 m A in S ON Rotation of Value and Growth Returns 49 M Higher Value Stock Returns W 7 8 9 1011121314151617181920 Month Higher Growth Stock Retame The correct graph is -Select- -Select- d. The average return graph A graph premium statistic an graph C and short in growth Lgraph D by a minus sign. Higher Growth Stock Returs from part (b) is one way of calculating the risk premium associated with a value investment factor. Interpret this risk ow it can be seen as the average annualized return earned by a hedge fund following a strategy to go long in value stocks not round intermediate calculations. Round your answers to two decimal places. Negative values, if any, should be indicated A hedge fund that was following a strategy to go fong in value stocks and short in growth stocks would -Select- quite profitable. The hedge fund would have Select the average annualized return in the Value Index of %, thus -Select- it the additional risk premium of % e. Compute the percentage of the months in the two-year sample period when the rolling average annualized return to the growth index was actually larger than that for the value index. Do not round intermediate calculations. Round your answers to two decimal places. What, if anything, does this tell you about the reliability of the value risk premium over time? This means that the value risk premium of % was reliable for over % of the time in the period studied. 85 19 1-10 Higher Growth Stock Retums The correct graph is-Select-v d. The average return differential from part (b) is one way of calculating the risk premium associated with a value investment factor. Interpret this risk premium statistic and explain how it can be seen as the average annualized return earned by a hedge fund following a strategy to go long in value stocks and short in growth stocks. Do not round intermediate calculations, Round your answers to two decimal places. Negative values, if any, should be indicated by a minus sign. A hedge fund that was following a strategy to go long in value stocks and short in growth stocks would Select would have Select the average annualized return in the Value Index of %, thus Select have been not have been %. quite profitable. The hedge fund ditional risk premium of e. Compute the percentage of the months in the two-year sample period when the rolling average annualized return to the growth index was actually larger than that for the value index. Do not round intermediate calculations. Round your answers to two decimal places. What, if anything, does this tell you about the reliability of the value risk premium over time? This means that the value risk premium of % was reliable for over % of the time in the period studied. ung the sted with a value investment factor. Interpret this risk premium statistic and explain how it can be seen as the average annualized return earned by a hedge fund following a strategy to go long in value stocks and short in growth stocks. Do not round intermediate calculations. Round your answers to two decimal places. Negative values, if any, should be indicated by a minus sign. A hedge fund that was following a strategy to go long in value stocks and short in growth stocks would Select the average annualized return in the Value Index of quite profitable. The hedge fund %, thus Select it the additional risk premium of would have samed e. Compute the percentage of the months in the two-year sample period when the rolling average annualized return to the growth index was actually larger than that for the value index. Do not round intermediate calculations. Round your answers to two decimal places. What, if anything, does this tell you about the reliability of the value risk premium over time? This means that the value risk premium of was reliable for over Grade it Now % of the time in the period studied. Save & Continua average annualized return in the Value Index of %, thus -Select-it the additional risk premium of The hedge fund -Select earning losing of the months in the two-year sample period when the rolling average annozarecarn to the growth index was actually larger dex. Do not round intermediate calculations. Round your answers to two decimal places. mis tell you about the reliability of the value risk premium over time? e risk premium of % was reliable for over % of the time in the period studied. 10 The correct graph is Select d. The average return differential from part (b) is one way of calculating the risk premium associated with a value investment factor. Interpret this risk premium statistic and explain how it can be seen as the average annualized return earned by a hedge fund following a strategy to go long in value stocks and short in growth stocks. Do not round intermediate calculations. Round your answers to two decimal places. Negative values, if any, should be indicated by a minus sign. quite profitable. The hedge fund A hedge fund that was following a strategy to go long in value stocks and short in growth stocks would select would have select the average annualized return in the Value Index of %, thus Select-it the additional risk premium of e. Compute the percentage of the months in the two-year sample period when the rolling average annualized return to the growth index was actually larger than that for the value index. Do not round intermediate calculations. Round your answers to two decimal places. What, if anything, does this tell you about the reliability of the value risk premium over time? This hans that the value risk premium of % was reliable for over % of the time in the period studied