20. Calculate the same subperiod means and standard deviations for small stocks as

Table 5.4 of the text provides for large stocks. (LO 5-2)

a. Have small stocks provided better reward-to-volatility (Sharpe) ratios than large stocks?

b. Do small stocks show a similar higher standard deviation in the earliest subperiod as

Table 5.4 documents for large stocks?

Convert the nominal returns on both large and small stocks to real rates. Reproduce
Table 5.4 using real rates instead of excess returns. Compare the results to those of
Table 5.4.