Please calculate the expected market risk premium over the 3-month T-bill, given the following inputs that you observe from the publicly reported data. The current price of the S&P 500 index is $1,080. The annual dividend on the S&P500 index is expected to be $40 this year. You expect the dividend to grow at the historical divided growth rate of 4.76% per year. The current yield on the 3-month T-bill is 0.2%. (6 points)