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Fama and French argue that the High-Minus-Low factor portfolio mimics the macroeconomic risk factor by capturing the effect of financial distress during a recession because
Fama and French argue that the High-Minus-Low factor portfolio mimics the macroeconomic risk factor by capturing the effect of financial distress during a recession because value stocks are less sensitive to the financial distress aspect of the macroeconomy. Group of answer choices True False
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
