The average annual return on an index from 1996 to 2005 was, Financial Management

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The average annual return on an index from 1996 to 2005 was

The average annual return on an Index from 1996 to 2005 was 20.25 percent. The average annual T-bill yield during the same period was 3.65 percent.

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

Average market risk premium %

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Financial Management: The average annual return on an index from 1996 to 2005 was

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Financial Management: The average annual return on an index from 1996 to 2005 was

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