In a 1988 Study, Fama and French Found That the Return

question 16

Multiple Choice

In a 1988 study, Fama and French found that the return on the aggregate stock market was ________ when the dividend yield was higher.

• A) higher
• B) lower
• C) unaffected
• D) more skewed

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Definitions:

Cabinet-Level Departments

Senior executive departments within the government that are led by cabinet secretaries, who are appointed by the president and confirmed by the Senate.

Advice and Consent

A constitutional mechanism in which a legislative body must approve certain actions or decisions made by the executive branch or its representatives.

Administrative Head

The Administrative Head is the lead official in charge of managing and overseeing the operations of an organization or department.

Substantive Rules

Regulations that establish rights and duties, as opposed to procedural rules which govern how those rights and duties are enforced.