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Is the fact that the third Fama-French factor, the Value Factor, has underperformed for the past fourteen years (i.e. the stocks of companies with Low
Is the fact that the third Fama-French factor, the Value Factor, has underperformed for the past fourteen years (i.e. the stocks of companies with Low Book Value/Market Value have outperformed companies with High Book Value/Market Value) clear evidence that the theory is incorrect? Explain.
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No the underperformance of the Value Factor stocks of companies with Low Book ValueMarket Value over the past fourteen years does not necessarily indi...
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
