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Over the period of 1926-2014: O U. S. Treasury bills had a negative risk premium. the risk premium on large-company stocks was greater than the

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Over the period of 1926-2014: O U. S. Treasury bills had a negative risk premium. the risk premium on large-company stocks was greater than the risk premium on small-company stocks. U.S. Treasury bills had a risk premium that was just slightly over 2 percent. the risk premium on long-term government bonds was zero percent. the risk premium on stocks exceeded the risk premium on bonds

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