Hi, I need help answering the following questions attached. Please see the case study that is also attached. Please answer back as soon as possible. let me know if you have any questions!

Questions for Case at the Dimensional Fund Advisors (The Size Effect and The Value Effect) 1. What is DFA's business strategy? 2. Is the fact that people can use stock size and book to market ratio to predict stocks' future returns against market efficiency? Why? In other words, are small and value stocks underpriced? What would be the criterions to judge whether small and value stocks are mispriced or fairly priced? 3. DFA's business practices of trying to avoid the lemons problem while not doing any fundamental analysis suggest that they believe ___ form of market efficiency but worried that ___ form of market efficiency might fail. A. Strong; Semi-strong B. Semi-strong; Strong Explain your reasons. 4. Except the fact that DFA tries to actively avoid the lemons problem, do you think the fact that DFA in the 1980's offered a small-cap fund and a value fund to their investors indicates that they are really believers in efficient markets (not in the CAPM world but in the Fama-French three-factor model world)? If not, what are the products should real believers of market efficiency offer in a Fama-French three-factor type of efficient market? 5. After the publication of Banz's research on the size effect in 1981, practitioners began to trading on it on a massive scale. Small stocks' performance began to deteriorate quickly throughout the 1980s and early 1990s. However, DFA's small-stock funds still managed to outperform small-stock indexes and most other small cap funds. What are the main reasons for them to be able to do so? 6. Implementation of the size and the value strategies: (1) Do size and value effects mean that any small stock tends to outperform large stock and that any value stock tends to outperform growth stock? (2) Do size and value effects mean that average small stocks outperform average large stocks and that average value stocks outperform average growth stocks in every year/every month? What should be the correct horizon to invest in the size and the value effects? (3) Google is a big stock and LinkedIN is a small stock, but at the same time Google has a higher book-to-market ratio than LindedIN. According to the size effect, Google should have lower return than LinkedIN because its size is bigger; but according to the value effect, Google should have higher return than LinkedIN because its book to market ratio is higher. Is the above statement correct? 7. Which of the following outcome(s) are most likely to be consistent with the hypothesis that market price is efficient in a Fama-French three factor world? Why? A. Every stock should have zero return B. All stocks should have the same return C. High market beta stocks have high returns D. Small firms and value firms on average have high returns. Even though DFA recently offered small and value portfolios, which exactly focus on earning the high returns of small and value firms, investors do not feel such portfolios offer more attractive investment opportunities in terms of risk-return trade off 7. What are the rational and irrational reasons you think that may lead to high returns in small and value stocks? Requirements: 1. Double space with font size 11 or 12 2. Each person can either turn in your individual write-up or form a group of no more than 4 people to discuss the case. If your group agrees on the answer to every question, you can turn in one single write-up with every group member's name on it. Otherwise, you can still choose to prepare your own individual write-up. 3. Due in the beginning the case session. Please do not submit your write-up through the Blackboard. Please hand in them directly at the beginning of the case session. 4. Be prepared to present/discuss your answers. 5. The website link to obtain the case is the following: https://hbr.org/product/dimensional-fund-advisors-2002/203026-PDF-ENG