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Question 18 Not yet answered Marked out of 2.50 Flag question Regret avoidance attributable to many market participants may prompt them to avoid investing in

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Question 18 Not yet answered Marked out of 2.50 Flag question Regret avoidance attributable to many market participants may prompt them to avoid investing in less-known small stocks and invest in well-known large stocks instead. Such a behavior coupled with limits to arbitrage can lead to the following return anomaly pattern. O a. O b. O c. O d. Small stocks consistently outperform large stocks on a risk-adjusted basis Small stocks consistently underperform large stocks on a risk-adjusted basis Large stocks consistently outperform small stocks on a risk-adjusted basis None of the above

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