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Question   Financial researchers using the CAPM have found that value stocks have historically tended to __________ growth stocks and that this is __________ by differences in risk

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Financial researchers using the CAPM have found that value stocks

have historically tended to __________ growth stocks and that this is __________ by differences in risk.


a. perform the same as, unexplained


b. underperform, unexplained


c. overperform, unexplained


d. underperform, explained