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Why do small-company stocks tend to outperform large-company stocks and value stocks tend to outperform growth stocks over the long-term? Be brief. (Hint: it is

Why do small-company stocks tend to outperform large-company stocks and value

stocks tend to outperform growth stocks over the long-term? Be brief. (Hint: it is

similar to why certain stocks have higher expected returns under CAPM.)

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