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Question 3. During a certain ten-year period, a country's stock market had two years with returns of -20% each, five years with returns of 0%

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Question 3. During a certain ten-year period, a country's stock market had two years with returns of -20% each, five years with returns of 0% each, and three years with returns of 50% each. During that time, the risk-free rate stayed constant at 2% per annum. Based on this information, what is the market risk premium in that country? A) 9% B) 10% C) 11% D) 12%

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