- CFA Exams
- CFA Level I Exam
- Topic 4. Corporate Issuers
- Learning Module 18. Cost of Capital: Advanced Topics
- Subject 4. Required Return on Equity
CFA Practice Question
In the Fama-French model, the high book-to-market portfolio shares represent a:
B. value bias.
C. growth bias.
A. size bias.
B. value bias.
C. growth bias.
Correct Answer: B
They are equivalent to low P/B shares.
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