Table 5.1 indicates that the average annual rate of return on common stocks over many years has
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Table 5.1 indicates that the average annual rate of return on common stocks over many years has exceeded the return on government bonds in the United States. Why do we observe this pattern?
AppendixLO1
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Analysis For Financial Management
ISBN: 9780071276269
9th International Edition
Authors: Robert C. Higgins
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