Question: The average annual return on the S&P 500 index from 1986 to 1995 was 1410 percent. The average annual T-bill yleld during the same period
The average annual return on the S\&P 500 index from 1986 to 1995 was 1410 percent. The average annual T-bill yleld during the same period was 6.20 percent. What was the market risk premium during these ten years? (Round your answer to 2 decimal places.)
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