=+*6. Over long periods of time, the rate of return of an av- erage investment in the

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=+*6. Over long periods of time, the rate of return of an av- erage investment in the stock market has exceeded the return on high-quality bonds. Is the higher return on stocks surprising? Why or why not?

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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