The book-to-market effect implies that shares of companies with _____ ratios tend to _____ the market. a)
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Question:
The book-to-market effect implies that shares of companies with _____ ratios tend to _____ the market.
a) low book-to-market; outperform
b) high P/E; underperform
c) high book-to-market; outperform
d) high P/E; outperform
e) high book-to-market; underperform
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