The average annual return on an index from 1986 to 1995 was


Risk Premium

The average annual return on an Index from 1986 to 1995 was 10.05 percent. The average annual T-bill yield during the same period was 3.25 percent.

What was the market risk premium during these ten years? (Round your answer to 2 decimal place.)

Average market risk premium %

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Financial Management: The average annual return on an index from 1986 to 1995 was
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