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    The Fama and French Three Factor Model Does Not Use
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The Fama and French Three Factor Model Does Not Use

Question 51

Question 51

Multiple Choice

The Fama and French three factor model does not use ___ as one of the explanatory factors.


A) industrial production
B) inflation
C) firm size
D) book-to-market ratio
E) both A and B

Correct Answer:

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