The P/e ratio for the S&P 500 (an index that contains 500 stocks with large market capitalizations) is 18. The yield to maturity on 30-year fixed-rate U.S. government Treasury bonds is 3.01%. The 30-year TIPS yield is 0.99%. What is the expected long-term return on the stock market? What is the market risk premium?

A. 2.02%

B. 7.58%

C. 20.02%

D. 5.03%

E. 4.57%