Solutions to Chapter 1

Year Stock market return T-bill return Risk premium Deviation from mean Squared deviation 2003 31.64 1.02 30.62 19.146 366.57 2004 12.62 1.2 11.42 -0.054 0.00 2005 6.38 2.98 3.4 -8.074 65.19 2006 15.77 4.8 10.97 -0.504 0.25 2007 5.62 4.66 0.96 -10.514 110.54 Average 11.474 542.56 ................
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