- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Valuation
- Learning Module 21. Return Concepts
- Subject 4. The Required Return on Equity - Other Models
CFA Practice Question
In the Fama-French model, the low book-to-market portfolio shares represent a:
A. size bias.
B. value bias.
C. growth bias.
Explanation: They are equivalent to high P/B shares.
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