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Which of the following would NOT be considered an 'empirical anomaly'? a. Underperformance of growth' versus 'value' stocks b. Calendar effects in security returns C.

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Which of the following would NOT be considered an 'empirical anomaly'? a. Underperformance of growth' versus 'value' stocks b. Calendar effects in security returns C. Excessive risk premium in stock returns d. Any volatility in stock prices

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