10) Some of the major lessons to be learned from capital market history include: a) The overall eturn on stocks reflects short term major announcements by one/several companies, risk is discounted by the market, stocks are a source of higher average returns t bonds b) The overall eturn on stocks reflects longer term earnings results, risk is given a premium in the market, stocks are a source of higher average returns than bonds c) The overall return on stocks reflects longer term earnings results, risk is given a premium in the market, bonds are a source of higher average returns than stocks. verall return on stocks reflects short term major announcements by one/several companies, risk is given a premium in the market, bonds are a source of higher average retuns than stocks