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Consider the following average annual returns: Investment Average Return Small Stocks 23.2% S&P 500 13.2% 7.5% Corporate Bonds Treasury Bonds Treasury Bills 6.2% 4.8% The
Consider the following average annual returns: Investment Average Return Small Stocks 23.2% S&P 500 13.2% 7.5% Corporate Bonds Treasury Bonds Treasury Bills 6.2% 4.8% The excess return for the portfolio of small stocks is _%. (Please write percentage as a number with one decimal place, no "%" sign. e.g. write "12.34%" as "12.3")
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