a. What do we mean by excess return and risk premium? b. What was the real (as

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a. What do we mean by excess return and risk premium?

b. What was the real (as opposed to nominal) risk premium on the common stock portfolio?

c. What was the nominal risk premium on corporate bonds? The real risk premium?

d. What is the first lesson from capital market history?

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Essentials Of Corporate Finance

ISBN: 9781265414962

11th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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