LONG-TERM GROWTH IN A SHORT-TERM MARKET

Authors

  • Eugene F. Fama,

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    • Graduate School of Business, University of Chicago. Research support from the National Science Foundation is gratefully acknowledged. The comments of F. Black and N. Gonedes are gratefully acknowledged. And as we proceed, our debt to Roll [21] should become clear.

  • James D. MacBeth

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    • Graduate School of Business, University of Chicago. Research support from the National Science Foundation is gratefully acknowledged. The comments of F. Black and N. Gonedes are gratefully acknowledged. And as we proceed, our debt to Roll [21] should become clear.


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