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Financial research has revealed the presence of several stock pricing anomalies such as the small firm effect, the book to market effect and the price-earnings

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Financial research has revealed the presence of several stock pricing anomalies such as the small firm effect, the book to market effect and the price-earnings ratio effect. Briefly describe these anomalies. Is the observation of these anomalies in markets indicative of inefficiency? Might there be rational explanations

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