The data needed to be used is below:

Firm Name	Year	Month	Price	Market Value	Book Value
CHINA PHARMACEUTICAL	2005	12	1.31	2012	2567
CHINA PHARMACEUTICAL	2006	6	0.91	2074	2735
CHINA PHARMACEUTICAL	2006	7	0.9	1407	2735
CHINA PHARMACEUTICAL	2006	8	1.09	1390	2735
CHINA SHINEWAY PHARM.GP.	2005	12	3.625	2642	476
CHINA SHINEWAY PHARM.GP.	2006	6	5.8	5367	1700
CHINA SHINEWAY PHARM.GP.	2006	7	5.8	4822	1700
CHINA SHINEWAY PHARM.GP.	2006	8	5.85	4816	1700
PICC PROPERTY & CLTY.'H'	2005	12	2.025	6641	21490
PICC PROPERTY & CLTY.'H'	2006	6	2.65	10258	21756
PICC PROPERTY & CLTY.'H'	2006	7	2.775	9208	21756
PICC PROPERTY & CLTY.'H'	2006	8	2.93	9630	21756
TSINGTAO BREWERY 'H'	2005	12	8	5305	4146
TSINGTAO BREWERY 'H'	2006	6	9.1	6162	4154
TSINGTAO BREWERY 'H'	2006	7	8.85	5993	4154
TSINGTAO BREWERY 'H'	2006	8	8.84	5821	4154
VITASOY INTL.HDG.	2005	12	3	2801	1598
VITASOY INTL.HDG.	2006	6	2.85	2777	1600
VITASOY INTL.HDG.	2006	7	2.825	2879	1600
VITASOY INTL.HDG.	2006	8	3.2	2852	1600
VTECH HOLDINGS	2005	12	25.8	7550	1625
VTECH HOLDINGS	2006	6	34.8	9094	2033
VTECH HOLDINGS	2006	7	40.45	8358	2033
VTECH HOLDINGS	2006	8	38.7	9703	2033

The following text is an excerpt from Fama and French (1993) on how the Book-to- Market and Size factors are calculated: In June of each year t we sort...stocks by size and (independently) by book-to- market equity. For the size sort, ME is measured at the end of June. For the book- to-market sort, ME is market equity at the end of December oft - 1 and BE is book common equity for the fiscal year ending in calendar year t - 1. We...calculate value-weighted monthly returns on the portfolios from July oft to June of t + 1. Answer the following questions using the data given in the appendix. If we are going to use the returns of July 2006, from which month-year should you choose data to calculate the book-to-market sort? From which month-year should you choose data to calculate the size sort? b. Calculate the actual sorts. Please format your answer in the following way: a. Large ME High B/M Firm: ME: B/M: Firm: ME: B/M: Mid B/M Firm: ME: B/M: Firm: ME: B/M: Low B/M Firm: ME: B/M: Firm: ME: B/M: Small ME c. Calculate the two Fama-French factors based on your sorts. The following text is an excerpt from Fama and French (1993) on how the Book-to- Market and Size factors are calculated: In June of each year t we sort...stocks by size and (independently) by book-to- market equity. For the size sort, ME is measured at the end of June. For the book- to-market sort, ME is market equity at the end of December oft - 1 and BE is book common equity for the fiscal year ending in calendar year t - 1. We...calculate value-weighted monthly returns on the portfolios from July oft to June of t + 1. Answer the following questions using the data given in the appendix. If we are going to use the returns of July 2006, from which month-year should you choose data to calculate the book-to-market sort? From which month-year should you choose data to calculate the size sort? b. Calculate the actual sorts. Please format your answer in the following way: a. Large ME High B/M Firm: ME: B/M: Firm: ME: B/M: Mid B/M Firm: ME: B/M: Firm: ME: B/M: Low B/M Firm: ME: B/M: Firm: ME: B/M: Small ME c. Calculate the two Fama-French factors based on your sorts