Question: Answer Please the Question below with Brief explanation - Please write your answer here in TYPE form not as a picture 4) Fama and French
Answer Please the Question below with Brief explanation - Please write your answer here in TYPE form not as a picture

4) Fama and French found that high book-to-market firms outperform low book-to-market firms even after adjusting for beta. What are the implications in terms of the EMH
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