If CAPM beta does not explain stock returns, what does? In this regard, Fama and French (1992)
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If CAPM beta does not explain stock returns, what does? In this regard, Fama and French (1992) found that stock returns were related to two firm characteristics. What are these characteristics and briefly discuss what they found.
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Answer In their seminal paper The CrossSection of Expected Stock Returns Fama and French 1992 found ...View the full answer
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Investment Valuation And Asset Pricing Models And Methods
ISBN: 9783031167836
1st Edition
Authors: James W. Kolari, Seppo Pynnönen
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