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Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. Investor expectations and the performance of value stocks versus growth stocks W Scott Bauman; Robert E Miller Journal of Portfolio Management; Spring 1997; 23, 3; ABI/INFORM Global pg. 57

Investor expectations and the performance of value stocks ... · EXHIBIT 1 ANNUAL RETURNS FOR PRICE/EARNINGS RATIO PORTFOLIOS Price/ Earnings Ratio Portfolios Total Sample Return

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Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Investor expectations and the performance of value stocks versus growth stocksW Scott Bauman; Robert E MillerJournal of Portfolio Management; Spring 1997; 23, 3; ABI/INFORM Globalpg. 57

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.