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The following return series comes from Global Financial Data. Year Large Stocks LT Gov Bonds US T-bills (Risk-free) CPI (Inflation) 1946 -8.18% 0.38% 18.13% 1947
The following return series comes from Global Financial Data. Year Large Stocks LT Gov Bonds US T-bills (Risk-free) CPI (Inflation) 1946 -8.18% 0.38% 18.13% 1947 4.07% -1.15% 2.10% 0.62% 5.24% 5.10% 8.84% 1948 1.06% 1950 18.06% 7.02% 1.12% 1.22% 2.99% -2.07% 5.93% 1951 30.58% -1.44% Calculate the average risk premium earned on large-company stocks. (Enter percentages as decimals and round to 4 decimals)
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