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Historical Working Papers

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1992

January effect

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Tax-Loss-Selling And Closed-End Stock Funds, John W. Peavy Iii Jan 1992

Tax-Loss-Selling And Closed-End Stock Funds, John W. Peavy Iii

Historical Working Papers

Study of 71 closed-end stock funds that went public over a five year period attributes turn-of-the-year selling to price declines over the preceeding year. Size is shown not to be a primary predictor.

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