Question: The equity risk premium is: the difference between expected total return for high - grade stocks and low - grade stocks. the difference between expected

The equity risk premium is:
the difference between expected total return for high-grade stocks and low-grade stocks.
the difference between expected total return for stocks and the risk-free rate.
the difference between expected total return for a stock market index and the inflation rate.
the difference between expected total return for stocks and bonds
 The equity risk premium is: the difference between expected total return

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