QUESTION 18 At the beginning of 2021, you decide to sell bond position and invest in S&P 500. Past 10 year of S&P 500 dividend yield, total return and risk free rate are shown as follows.  Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Dividend yield 2.13% 2.20% 1.94% 1.92% 2.11% 2.03% 1.84% 2.09% 1.83% 1.58% Total Return 2.11% 16% 32.39% 13.69% 1.38% 11.96% 21.83% -4.38% 31.49% 18.40% Risk free rate (10 year) 2.78% 1.80% 2.35% 2.54% 2.14% 1.84% 2.33% 2.91% 2.14% 0.89%     Q1: What is the average risk premium in percentage term from 2011 to 2020? (hint: copy paste the whole table to excel and use excel function)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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QUESTION 18

  1. At the beginning of 2021, you decide to sell bond position and invest in S&P 500. Past 10 year of S&P 500 dividend yield, total return and risk free rate are shown as follows. 

    Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
    Dividend yield 2.13% 2.20% 1.94% 1.92% 2.11% 2.03% 1.84% 2.09% 1.83% 1.58%
    Total Return 2.11% 16% 32.39% 13.69% 1.38% 11.96% 21.83% -4.38% 31.49% 18.40%
    Risk free rate (10 year) 2.78% 1.80% 2.35% 2.54% 2.14% 1.84% 2.33% 2.91% 2.14% 0.89%
     

     

    Q1: What is the average risk premium in percentage term from 2011 to 2020? (hint: copy paste the whole table to excel and use excel function)

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