Over the last fifty years in italy, the average annual refurn on small stocks, large stocks and corporate bonds have been 12.50%, 9.25 . and 8.50% respectively. The short-term period have provided a refum of 275%. If the infiation rate has been 2.25 w over the last fifty years, the real risk premium on ltalian large stocks is 4.16% 425% 4 gat 550%