单选题 Which of the following groups of stocks do NOT tend to show above average returns over time? A. Stocks with low Book Value to Market Value (BV/MV). B. Neglected stocks. C. Small stocks.

【正确答案】 A

【答案解析】Most empirical evidence suggests that the greater the ratio of book value/market value, the greater the risk adjusted rate of return. Small, neglected and low P/E stocks have all shown evidence of excess returns.