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6. Compare your answers from (4) and (5) for each respective portfolio. What relationship would you expect to see between betas and risk premiums? Do

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6. Compare your answers from (4) and (5) for each respective portfolio. What relationship would you expect to see between betas and risk premiums? Do the numbers agree with your intuition? 7. First, look up and read about the "Small Firm January Effect" in your textbook. Next, look for evidence of a January Effect in the data. Specifically, for each of the three stock portfolios, calculate the average monthly risk premium for the month of January over the sample

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