Question: Assume that, the data given in Exhibit 3 represents the most recent data over past 17 years . Only for the US market, what would

Assume that, the data given in Exhibit 3 represents the most recent data over past 17 years. Only for the US market, what would you guess for the market return to be for 2021? In other words, make a guess for the year 2021 using the data given in Exhibit 3.

Assume that, the data given in Exhibit 3 represents the most recent

US Stock Return Bond Return -3.61 22.44 22.55 6.24 32.23 17.68 4.74 17.84 32.40 -3.49 29.16 5.90 10.29 1.56 36.99 21.29 34.41 Market Capitalization 893,430 1,049,433 1,222,131 1,228,621 1,554,711 1,743,364 1,800,268 1,956, 196 2,355,377 2,186,563 2,900,656 3,074,287 3,332,434 3,296,047 4,935,800 5,926,178 8,003,025 1.90 39.16 -0.58 14.22 29.74 25.21 -3.45 9.94 17.98 6.85 18.17 8.07 16.94 -6.19 31.54 -1.44 14.51 US Stock Return Bond Return -3.61 22.44 22.55 6.24 32.23 17.68 4.74 17.84 32.40 -3.49 29.16 5.90 10.29 1.56 36.99 21.29 34.41 Market Capitalization 893,430 1,049,433 1,222,131 1,228,621 1,554,711 1,743,364 1,800,268 1,956, 196 2,355,377 2,186,563 2,900,656 3,074,287 3,332,434 3,296,047 4,935,800 5,926,178 8,003,025 1.90 39.16 -0.58 14.22 29.74 25.21 -3.45 9.94 17.98 6.85 18.17 8.07 16.94 -6.19 31.54 -1.44 14.51

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