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2 oped ook int Year Stock Market Return (%) 2016 2017 2018 2019 2020 32.50 11.80 -2.40 13.70 22.40 T-Bill Return (%) 0.07 0.07 0.07

2 oped ook int Year Stock Market Return (%) 2016 2017 2018 2019 2020 32.50 11.80 -2.40 13.70 22.40 T-Bill Return (%) 0.07 0.07 0.07 0.25 0.27 Required: a. What was the risk premium on common stock in each year? b. What was the average risk premium? c. What was the standard deviation of the risk premium? (Ignore that the estima

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