Which of the following statements is supported by this evidence?

A$.$ Small firms with high B$/$M ratios generate relatively high returns

$($compared to other small firms$)$ which compensate investors for the fact that

the returns have a low correlation with consumption.

B$.$ Big firms with low B$/$M ratios generate relatively low returns $($compared to

other big firms$)$ which compensate investors for the fact that the returns have

a high correlation with consumption.

C$.$ Small firms with low B$/$M ratios generate higher returns than mediumsized

firms with low B$/$M ratios.

D$.$ The consumption risk associated with big firms that have low B$/$M ratios is

higher than the consumption risk associated with medium$-$sized firms that

have low B$/$M ratios.