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For the period 1926 to 2015, small-company stocks had an average return of 16.5 percent, U.S. Treasury bills returned 3.5 percent, and inflation averaged 3.0
For the period 1926 to 2015, small-company stocks had an average return of 16.5 percent, U.S. Treasury bills returned 3.5 percent, and inflation averaged 3.0 percent. What was the risk premium on small-company stocks during this period?
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