During the last two centuries, after adjustment for inflation,
A) both corporate stocks and bonds have yielded an average annual real rate of return of about 3 percent.
B) corporate stocks have yielded an average annual real return of approximately 7 percent, compared to an average real return of about 3 percent for bonds.
C) corporate bonds have yielded an average annual real return of approximately 7 percent, compared to an average real return of about 3 percent for corporate stocks.
D) both corporate stocks and bonds have yielded an average annual real rate of return of about 7 percent.
B) corporate stocks have yielded an average annual real return of approximately 7 percent, compared to an average real return of about 3 percent for bonds.
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A restaurant buys fish to offer as a daily menu special. The purchase of the fish by the restaurant is
A) an intermediate good. B) part of net exports if the fish was caught beyond the U.S. border. C) an investment. D) an example of government expenditures on goods and services. E) a consumption expenditure.
If this is a closed economy, the number of TVs exchanged will be ________.
A. 60,000 B. 120,000 C. 30,000 D. 90,000