Which one of the following statements concerning U.S. Treasury bills is correct for the period 1926- 2010?

Which one of the following statements correctly applies to the period 1926-2010?    A.  Large-company stocks earned a higher average risk premium than did small-company stocks. B.  Intermediate-term government bonds had a higher average return than long-term corporate bonds. C.  Large-company stocks had an average annual return of 14.7 percent. D.  Inflation averaged 2.6 percent for the period. E.  U.S. Treasury bills had a positive average real rate of return. Refer to section 12.3

22.	Which one of the following time periods is associated with high rates of inflation?    A.  1929-1933 B.  1957-1961 C.  1978-1981 D.  1992-1996 E.  2001-2005 Refer to section 12.2

23.

Which one of the following statements concerning U.S. Treasury bills is correct for the period 1926- 2010?    A.  The annual rate of return always exceeded the annual inflation rate. B.  The average risk premium was 0.7 percent. C.  The annual rate of return was always positive. D.  The average excess return was 1.1 percent. E.  The average real rate of return was zero. Refer to sections 12.2 and 12.3

24.

Which one of the following is a correct ranking of securities based on their volatility over the period of 1926-2010? Rank from highest to lowest.    A.  large company stocks, U.S. Treasury bills, long-term government bonds B.  small company stocks, long-term corporate bonds, large company stocks C.  small company stocks, long-term corporate bonds, intermediate-term government bonds D.  large company stocks, small company stocks, long-term government bonds E.  intermediate-term government bonds, long-term corporate bonds, U.S. Treasury bills Refer to section 12.4

25.	What was the highest annual rate of inflation during the period 1926-2010?    A.  between 0 and 3 percent B.  between 3 and 5 percent C.  between 5 and 10 percent D.  between 10 and 15 percent E.  between 15 and 20 percent Refer to section 12.2