ssume these are the stock market and Treasury bill returns for a $5-$year period:

Year Stock Market Return $(\%)$ T$-$Bill Return $(\%)$

$201633\mathrm{.}300\mathrm{.}12$

$201713\mathrm{.}200\mathrm{.}12$

$20183\mathrm{.}500\mathrm{.}12$

$201914\mathrm{.}500\mathrm{.}07$

$202023\mathrm{.}800\mathrm{.}09$

Required:

What was the risk premium on common stock in each year?