When the Market Portfolio Is Not Efficient,theory Predicts That Stocks

question 4

Multiple Choice

When the market portfolio is not efficient,theory predicts that stocks with ________ market capitalizations or ________ book-to-market ratios will have ________ alphas.

• A) high; low; positive
• B) low; high; negative
• C) low; high; positive
• D) high; low; negative

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Paralegals

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