Session 31_ Post-class test

5 studies have looked at the relationship between

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Unformatted text preview: et- timing device. 3. Looking at annual returns on US stocks over very long time periods (1871- today), which of the following conclusions seems to be backed by the data? a. Stocks are more likely to go up after a down year than after an up year. b. The returns on stocks are likely to be higher after a down year than after an up year. c. Stocks are more likely to go up after two up years than after two down years. d. The returns on stocks are likely to be higher after two up years than after two down years. Explanation: The only statement that is backed u...
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