Between1926 minus 2010 the mean excess return for sampp 500


Between,1926 − 2010, the mean excess return for S&P 500 over T-bills is 7.97%. What is your estimate of the expected annual HPR on the S&P 500 stock portfolio if the current risk-free interest rate is 5%?

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Financial Management: Between1926 minus 2010 the mean excess return for sampp 500
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