Noxy-Marx Paper

Question 1

In an ináuential article, Noxy-Marx suggested to extend the three factor model by Fama and French using an additional factor that he calls ìQuality”. Which measure of quality does he propose? Choose the right answer from the list below: (a) ProÖt before Tax after Ammortization (b) Stability of dividend price ratio (c) (Total Revenues minus Costs of Goods or Services Sold) / Assets. (d) Investment over Capital Expenditure (e) Return on Equity minus Cost of Ca

Answer 1

C