Documented market anomalies include all of the following EXCEPT:()
A. the greater the ratio of book value/market value, the greater the risk-adjusted rate of return.
B. low P/E ratio stocks experience superior results to the market.
C. the ability for an investor to profit by buying stocks on Friday and selling them on Monday.
参考答案:C
解析:
The weekend effect actually shows that there is a negative return from buying stocks on Friday and selling them on Monday. The book value /market value ratio effect, the neglected firm effect, and the P/E ratio effect are all documented market anomalies.