Question: Problem 5-11 Using historical risk premiums from Table 5.5 over the 19272018 period as your guide, what would be your estimate of the expected annual

Problem 5-11

Using historical risk premiums from Table 5.5 over the 19272018 period as your guide, what would be your estimate of the expected annual HPR on the Big/Value portfolio if the current risk-free interest rate is 1.50%? (Round your answer to 2 decimal places.)

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