Question: Question 4: 16 Marks (a) What is the most important lesson that investors can learn from behavioral finance? Explain your answer. (6 marks) (b) Explain

Question 4: 16 Marks (a) What is the most important lesson that investors can learn from behavioral finance? Explain your answer. (6 marks) (b) Explain how an investor can profit from some of the market anomalies such as calendar effects (e.g., weekend effect), small size effect and the value effect. (10 marks)
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