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Assume a stock had an historical equity risk premium of 5.49percent and a standard deviation of 11.46 percent over the past twodecades. What is the 95.4 percent range for the equity riskpremium? -.18 to 9.26% -.57 to 15.09% .41 to 20.03% -.36 to 10.62%1.08 to 22.49%
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