Question: The Fama and French (2015) five-factor model is built upon the Fama and French (1993) three-factor model by adding two more factors. The two new

The Fama and French (2015) five-factor model is built upon the Fama and French (1993) three-factor model by adding two more factors. The two new factors are related to momentum and return reversal.

True

False

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