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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