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Youve observed the following returns on Balboa, Inc. stock over the past five years: 15 percent, -15 percent, 17 percent, 27 percent, and 10 percent.

Youve observed the following returns on Balboa, Inc. stock over the past five years: 15 percent, -15 percent, 17 percent, 27 percent, and 10 percent. Suppose the average T-bill rate over the period was 4.1 percent. What was the average risk premium on Balboa, Inc. stock?

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