Asked by Stephanie Nieto on Jul 13, 2024
Verified
McLean and Pontiff (2016) identify more than ________ characteristics associated with abnormal returns.
A) 10
B) 25
C) 95
D) 100
Abnormal Returns
Returns on a security or portfolio that exceed what is predicted by market models, such as the CAPM, indicating outperformance.
- Recognize and elucidate diverse irregularities and phenomena that dispute the Efficient Market Hypothesis, including the January effect, momentum effect, and liquidity effect.
Verified Answer
PH
Progga HassanJul 18, 2024
Final Answer :
C
Explanation :
McLean and Pontiff (2016) identify more than 95 characteristics associated with abnormal returns, highlighting the extensive research into factors that can predict stock returns.
Learning Objectives
- Recognize and elucidate diverse irregularities and phenomena that dispute the Efficient Market Hypothesis, including the January effect, momentum effect, and liquidity effect.
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