If you believe markets are __________ efficient, then you be…
If you believe markets are __________ efficient, then you believe that stock prices reflect all relevant information, including historical stock prices and current public information about the firm, but not information that is only available to insiders.
Read DetailsKenneth French provides the historical monthly returns for p…
Kenneth French provides the historical monthly returns for portfolios of stocks in 48 industries. The 48 industries are listed in the table below: Agriculture Pharmaceuticals Defense Shipping Containers Food Products Chemicals Mining Transportation Candy & Soda Rubber & Plastics Coal Wholesale Beer & Liquor Textiles Oil & Gas Retail Tobacco Products Construction Utilities Restaurants/Hotels Recreation Steel Works Communication Banking Entertainment Fabricated Products Personal Services Insurance Printing & Publ. Machinery Business Services Real Estate Consumer Goods Electrical Equip. Computers Trading Apparel Autos & Trucks Electrical Equip. Other Healthcare Aircraft Measuring Equip. Precious Metals Medical Equipment Ships & Railroads Business Supplies Const. Materials Which of the following portfolios would you expect the ratio of firm specific risk to total risk to be the smallest?
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