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Question 1. (5 marks) What are the advantages or disadvantages of Fama-French 5-factors in comparison with Fama-Frech 3-factors that was developed in 1993? (Hint: You

Question 1. (5 marks) What are the advantages or disadvantages of Fama-French 5-factors in comparison with Fama-Frech 3-factors that was developed in 1993? (Hint: You should read other related articles in the literature to have ideas for answering this question).

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