Which of the following are the factors for the Fama-French model?
A. The excess market return, a debt factor, and a book-to-market factor.
B. The excess market return, a size factor, and a debt.
C. A debt factor, a size factor, and a book-to-market factor.
D. The excess market return, an industrial production factor, and a book-to-market factor.
E. The excess market return, a size factor, and a book-to-market factor.
Answer: E
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