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Godty Godty
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4 months ago
Melanie has observed that stocks that have earned high returns over the past year tend to earn low returns over the next year. She has also observed that stocks that earned low returns over the past year tended to earn high returns over the next year. This is an example of

▸ long-term reversal pattern.

▸ the January effect.

▸ size effect.

▸ stock price momentum.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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shalashashalasha
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4 months ago
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