In a 1988 study, Fama and French found that the return on the aggregate stock market was ________ when the dividend yield was higher.

A) higher
B) lower
C) unaffected
D) more skewed

Question

In a 1988 study, Fama and French found that the return on the aggregate stock market was ________ when the dividend yield was higher.A)  higherB)  lowerC)  unaffectedD)  more skewed

Ashley Delgado · Accepted Answer

Final Answer : A, Explanation :  Fama and French's 1988 study concluded that higher dividend yields were associated with higher future returns on the aggregate stock market.

In a 1988 study, Fama and French found that the return on the aggregate stock market was ________ when the dividend yield was higher.

A) higher
B) lower
C) unaffected
D) more skewed

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