Consider the following average annual$$ returns:

Investment

Average Return

Small Stocks

$23\mathrm{.}823\mathrm{.}8\%$

$$S&P $500$

$13\mathrm{.}613\mathrm{.}6\%$

Corporate Bonds

$7\mathrm{.}97\mathrm{.}9\%$

Treasure Bonds

$6\mathrm{.}86\mathrm{.}8\%$

Treasury Bills

$4\mathrm{.}44\mathrm{.}4\%$

What is the excess return for the portfolio of small$$ stocks?

Question content area bottom

Part $1$

A$.$

$11\mathrm{.}611\mathrm{.}6\%$

B$.$

$19\mathrm{.}419\mathrm{.}4\%$

C$.$

$16\mathrm{.}516\mathrm{.}5\%$

D$.$

$17\mathrm{.}517\mathrm{.}5\%$