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What are the six components of Baker & Wurglers (2006) sentiment index, and briefly explain why each components is thought to be correlated with investor

What are the six components of Baker & Wurglers (2006) sentiment index, and briefly explain why each components is thought to be correlated with investor sentiment.

1.The average closed-end fund discount

2.NYSE share turnover

3.Frequency of IPOs

4.Average first-day returns for IPO firms

5.High proportion of equity vs debt new issues

6.The dividend premium

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