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

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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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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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