Question: The average annual return on the S&P 500 Index from 1986 to 1995 was14.50 percent. The average annual T-bill yield during the same period was

The average annual return on the S&P 500 Index from 1986 to 1995 was14.50 percent. The average annual T-bill yield during the same period was 6.00 percent.

What was the market risk premium during these ten years? (Round your answer to 2 decimal places.)

Average market risk premium _____ %

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