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

Reference no: EM13477828

The average annual return on an Index from 1996 to 2005 was 13.20 percent. The average annual T-bill yield during the same period was 3.55 percent.

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

Reference no: EM13477828

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