this is an investments course (masters)

1. (10 points) How do Lakonishok, Shleifer, and Vishny (1994) prove the existence of extrapolation? 2. (10 points) How can you drive the size-BE/ME adjusted returns for a portfolios? 3. (20 points) How do people supporting the efficient market hypothesis or the importance of investor behavioural bias separately interpret the fact that high BE/ ME or CF/P stocks yield high returns? 1. (10 points) How do Lakonishok, Shleifer, and Vishny (1994) prove the existence of extrapolation? 2. (10 points) How can you drive the size-BE/ME adjusted returns for a portfolios? 3. (20 points) How do people supporting the efficient market hypothesis or the importance of investor behavioural bias separately interpret the fact that high BE/ ME or CF/P stocks yield high returns