Find out all the correct statements below? (
1) Size effect is against the market efficiency in a CAPM world (2) Momentum is against the market efficiency in a FF3 world (3) Value effect is not necessarily against the market efficiency in a FF3 world (4) Momentum is against the weak form market efficiency in a FF3 world
(1) and (3)
(1), (2), (3), (4)
(2) and (4)
(1)
