Based on the U$.$S$.$ historical data provided in the

module, which of the following is true regarding

nominal return per year over the last century for

U$.$S$.$ equities relative to bonds?

U$.$S$.$ equities averaged around $11\%$ significantly outperforming

bonds but with highertrolatility.

U$.$S$.$ equities averaged around $7\%$ significantly outperforming

bonds but with higher volatility.

U$.$S$.$ equities averaged around $5\%$ slightly outperforming bonds

with about the same volatility.