Question $2$

a$)$ The table below reports the estimation results of the Fama$-$French three$-$factor model for two stocks, Stock A and Stock B$.$ Dependent variable is the monthly stock return above risk free rate, i$.$e$.,$ monthly excess return $(\%).$ Independent variables are the Fama$-$French three factors. Sample period: Jan$-2005$ to Dec$-2020.$

$\backslash$table$[[$Stock$,$Stock A$,$Stock B$],[$Dependent variable,Monthly excess return $(\%)],[$Excess Return on the Market $(\%),{1\mathrm{.}53}^{******},{0\mathrm{.}85}^{******}$