Value Stocks May Provide Investors with Better Returns Than Growth

Multiple Choice

Value stocks may provide investors with better returns than growth stocks if:
I. Value stocks are out of favor with investors.
II. Prices of growth stocks include premiums for overly optimistic growth levels.
III. Value stocks are likely to generate positive-earnings surprises.

A) I only
B) II only
C) I and III only
D) I, II, and III