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The average annual return on the S&P 500 index from 1986 to 1995 was 12.40 percent. The average annual T-bill yield during the same period

The average annual return on the S&P 500 index from 1986 to 1995 was 12.40 percent. The average annual T-bill yield during the same period was 5.15 percent.

What was the market risk premium during these ten years?

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