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The average risk premium on long-term government bonds for the period 1926-2014 was equal to: 1 percent. zero. the rate of return on the bonds

The average risk premium on long-term government bonds for the period 1926-2014 was equal to:

1 percent.

zero.

the rate of return on the bonds plus the corporate bond rate.

the rate of return on the bonds minus the inflation rate.

the rate of return on the bonds minus the T-bill rate.

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