Use the table for the question(s) below.
Consider the following average annual returns:
-What is the risk premium for the portfolio of small stocks?
Definitions:
Meritocracy
A system in which advancement within the system is based on individual ability or achievement.
Stratification System
The hierarchical arrangement of individuals or groups in society, based on wealth, power, race, education, etc., that affects their access to resources and opportunities.
Equality Of Opportunities
The principle that all individuals should have the same chances to succeed in life, regardless of their background, race, gender, or other personal characteristics.
Professionalization
The process of developing or elevating an occupation to a professional status, requiring specialized knowledge and often formal qualifications.
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