Question
In a 2009 paper titled The Price of Sin: The Effects of Social Norms on Markets, Hong and Kacperczyk find that: a.Sin stocks have lower
In a 2009 paper titled The Price of Sin: The Effects of Social Norms on Markets, Hong and Kacperczyk find that:
a.Sin stocks have lower expected returns.
b.Sin stocks have higher expected returns.
c.In the paper, sin stocks are companies involved in producing guns and pornography.
d.A and C
e.B and C
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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
