Question: The excess return is the difference between the average return on a security and the average return for________. A. Treasury bills B. Treasury bonds C.

The excess return is the difference between the average return on a security and the average return for________.

A.

Treasury bills

B.

Treasury bonds

C.

a broadminus

based market portfolio like theS&P 500 index

D.

a portfolio of securities with similar risk

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