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Which of the following statement(s) about anomalies in the US equity market are correct: 1. Small cap stocks tend to outperform large cap stocks on

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Which of the following statement(s) about anomalies in the US equity market are correct: 1. Small cap stocks tend to outperform large cap stocks on average 2. Investment anomaly refers to the empirical finding that companies that do more investments tend to underperform companies that do less investment 3. Value premium refers to the empirical finding that stocks with high book-to-market ratios tend to underperform stocks with low book-to-market ratios 4. Winner stocks (e.g., stocks with high returns over the previous year) tend to underperform loser stocks (e.g., stocks with low returns over the previous year) O 1,3 O 1,2 2,3 1,4

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