A study by Mehra and Prescott (1985) covered a period of ______ years and found that historical average excess returns _________.
A) 25,have been too small to be consistent with rational security pricing.
B) 25,have been too large to be consistent with rational security pricing.
C) 90,have been too small to be consistent with rational security pricing.
D) 90,have been too large to be consistent with rational security pricing.
E) 25,are consistent with rational security pricing.
Correct Answer:
Verified
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