Problem $10-3$ Risk Premium $($LG$10-2)$

The average annual return on the SSP $500$ index from $1986$ to $1995$ was fi$\mathrm{.}00$ percent. The average annual Thbll yleid during the same perlod was $2\mathrm{.}80$ percent.

What was the maket risk premium during these ten years?

Note: Round your answer to $2$ decimal places.

Average market rak peemium