Why early buying of value equities is ineffective

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Problem 1: What role commissions undertake in the market efficiency test?

Problem 2: In a Maybank research report entitled "Capitalising Value and Growth Investment", the report says that "excess returns from value equities is likely to follow a time period of below par performance, rendering early identification and purchase of value equities ineffective strategically." Explain why early buying of value equities is ineffective strategically.

Reference no: EM132797416

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