Consider the following rates of return for the period from 1970 through 1975 (taken from Table...

 

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Consider the following rates of return for the period from 1970 through 1975 (taken from Table 12.1 in your textbook): Year Large-Company Stocks U.S. Treasury Bills 1970 3.94% 6.50% 1971 14.30 4.36 1972 18.99 4.23 1973 -14.69 7.29 1974 -26.47 7.99 1975 37.23 5.87 What was the average risk premium over this period for large-company stocks? (Negative amount should be indicated by a minus sign. Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35) Consider the following rates of return for the period from 1970 through 1975 (taken from Table 12.1 in your textbook): Year Large-Company Stocks U.S. Treasury Bills 1970 3.94% 6.50% 1971 14.30 4.36 1972 18.99 4.23 1973 -14.69 7.29 1974 -26.47 7.99 1975 37.23 5.87 What was the average risk premium over this period for large-company stocks? (Negative amount should be indicated by a minus sign. Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35)

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