Question: Answer please the Questions below as they are all together please 4) Fama and French found that high book-to-market firms outperform low book-to-market firms even

Answer please the Questions below as they are all together please

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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