Which of the Following Variables Do Fama and French Claim

question 46

Multiple Choice

Which of the following variables do Fama and French claim do a better job explaining stock returns than beta?
I. Book-to-market ratio
II. Unexpected change in industrial production
III. Firm size

• A) I only
• B) I and II only
• C) I and III only
• D) I, II, and III

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