Question: Based on 1926-2015 data, suppose that expectations for the U.S. equity market and the T-bill rate are as follows, respectively: 11.77 % and 3.47 %.

Based on 1926-2015 data, suppose that expectations for the U.S. equity market and the T-bill rate are as follows, respectively: 11.77 % and 3.47 %. Standard deviation of the U.S. equity market is 20.5...

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