问题
单项选择题
Which of the following groups of stocks do NOT tend to show above average returns over time()
A. Stocks with low Book Value to Market Value (BV/MV).
B. Neglected stocks.
C. Small stocks.
答案
参考答案:A
解析:
Most empirical evidence suggests that the greater the ratio of book value/market value, the greater the risk adjusted rate of return. Small, neglected and low P/E stocks have all shown evidence of excess returns.