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  "notes": "Data source: Ibbotson Associates: Stocks, Bonds, Bills, and Inflation, 2001 Yearbook.",
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      "kind": "paragraph",
      "text": "Ibbotson Associates provides data that allow the following equity risk premia to be calculated over several time periods, using different Treasury rates and under different mean assumptions.",
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      "text": "(1) Source: Ibbotson Associates: Stocks, Bonds, Bills, and Inflation, 2001 Yearbook. Stock market returns are those of the S&P 500. Returns on the risk-free asset are based on the income returns of the 20-year Treasury bond and 5-year Treasury bond for long-term and intermediate-term premia, respectively. For short-term premia, the return is based on the yield of the 30-day Treasury bill.",
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      "text": "The Market Risk Premium (cont.)",
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