Multiple Choice
Arbel (1985) found that
A) the January effect was highest for neglected firms.
B) the book-to-market value ratio effect was highest in January.
C) the liquidity effect was highest for small firms.
D) the neglected firm effect was independent of the small firm effect.
E) small firms had higher book-to-market value ratios.
Correct Answer:
Verified
Correct Answer:
Verified
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