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Consider the following realized annual returns: A. 5.2% B. 9.53% C. 8.66% D. 4.33% Consider the following average annual returns: What is the excess return

Consider the following realized annual returns: A. 5.2% B. 9.53% C. 8.66% D. 4.33% Consider the following average annual returns: What is the excess return for the portfolio of small stocks? A. 18.8% B. 16% c. 11.3% D. 16.9%

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