Question: Consider the following average annual returns: Investment Average Return Small Stocks 20.6% S&P 500 15.9% Corporate Bonds 7.5% Treasury Bonds 6.2% Treasury Bills 3.3% The
Consider the following average annual returns:
Investment Average Return
Small Stocks 20.6%
S&P 500 15.9%
Corporate Bonds 7.5%
Treasury Bonds 6.2%
Treasury Bills 3.3%
The excess return for the portfolio of small stocks is _____%.
(Please write percentage as a number with one decimal place, no "%" sign. e.g. write "12.34%" as "12.3")
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