The average annual return on an Index from 1986 to 1995 was 11.00 percent. The...

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The average annual return on an Index from 1986 to 1995 was 11.00 percent. The average annual T-bill yield during the same period was 2.80 percent. What was the market risk premium during these ten years? (Round your answer to 2 decimal places.) Average market risk premiunm

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