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    Exam 8: The Efficient Market Hypothesis
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    In a Recent Study,Fama and French Found That the Return
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In a Recent Study,Fama and French Found That the Return

Question 42

Question 42

Multiple Choice

In a recent study,Fama and French found that the return on the aggregate stock market was __________ when the dividend yield was higher.


A) higher
B) lower
C) unaffected
D) more skewed

Correct Answer:

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