in a year in which corporate bonds offered an average return of 11%, treasury bonds offered an average return of 5%, common stocks offered an average return of 18% and Treasury bills offered 1%. The market risk premium was,

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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In a year in which corporate bonds offered an average return of 11%, treasury bonds offered an average return of 5%, common stocks offered an average return of 18% and
Treasury bills offered 1%. The market risk premium was:
Transcribed Image Text:In a year in which corporate bonds offered an average return of 11%, treasury bonds offered an average return of 5%, common stocks offered an average return of 18% and Treasury bills offered 1%. The market risk premium was:
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