Question
True or false: observed market factors, such as those related to a stock's market capitalization (i.e., size), value or growth orientation, and/or price momentum are
True or false: observed market "factors", such as those related to a stock's market capitalization (i.e., size), value or growth orientation, and/or price momentum are evidence of violations of arbitrage price theory. Please explain your answer.
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
