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1. Average Annual Returns for five Portfolios and Inflation during the period of 1926-2018 are as follows: The risk premium for investing in a portfolio

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1. Average Annual Returns for five Portfolios and Inflation during the period of 1926-2018 are as follows: The risk premium for investing in a portfolio of largecompany stocks is: \begin{tabular}{l} 13.2% \\ \hline 12.8% \\ \hline 8.5% \\ \hline 8.9% \end{tabular}

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