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Question: On average, for the period 1926 through 2012:

a. intermediate-term government bonds have produced higher returns than long-term government bonds.

b. the risk premium on large company stocks has exceeded the risk premium on small company stocks.

c. the risk premium on long-term corporate bonds has exceeded the risk premium on long-term government bonds.

d. small company stocks have underperformed large-company stocks.

e. the real rate of return on U.S. Treasury bills has been negative.

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