What is an anomaly to an asset pricing model? For example explain what is pricing anomaly to CAPM associated with Book-to-market values.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter3: Risk And Return: Part Ii
Section: Chapter Questions
Problem 8MC
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What is an anomaly to an asset pricing model? For example explain what is pricing anomaly to CAPM associated with Book-to-market values.

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