Which of the following has not been observed for the Fama-French three-factor model? A. In general, smaller

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Which of the following has not been observed for the Fama-French three-factor model?

A. In general, smaller capitalization firms have greater returns than larger capitalization firms.

B. In general, the higher the current ratio and working capital ratio, the lower the greater the returns.

C. In general, firms with high book-to-market ratios have higher returns than firms with lower book-to-market ratios.

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Analysis Of Financial Statements

ISBN: 9781118299982

3rd Edition

Authors: Frank J. Fabozzi, Pamela Peterson Drake

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