Fama and French (1992) Found That the Stocks of Firms

Multiple Choice

Fama and French (1992) found that the stocks of firms within the highest decile of book-to-market ratios had average monthly returns of _______, while the stocks of firms within the lowest decile of book-to-market ratios had average monthly returns of ________.

A) greater than 1%; greater than 1%
B) greater than 1%; less than 1%
C) less than 1%; greater than 1%
D) less than 1%; less than 1%
E) less than 0.5%; greater than 0.5%