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You believe that over the next year, the expected return on the market portfolio will yield 8.09%. If the current risk-free rate of return is

You believe that over the next year, the expected return on the market portfolio will yield 8.09%. If the current risk-free rate of return is 2.92%, what is the market risk premium? Submit your answer as a percentage rounded to two decimal places (Ex. 0.00%).

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