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The excess return is computed as the: Risk-free rate plus the inflation rate. Return on a security minus the inflation rate. Risk-free rate minus the

The excess return is computed as the:

Risk-free rate plus the inflation rate.
Return on a security minus the inflation rate.
Risk-free rate minus the inflation rate.
Return on a risky security minus the risk-free rate.
Risk premium on a risky security minus the risk-free rate.

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