Based on the U.S. historical data provided in the
module, which of the following is true regarding
nominal return per year over the last century for
U.S. equities relative to bonds?
U.S. equities averaged around 5% slightly outperforming bonds
with about the same volatility.
U.S. equities averaged around 11% significantly outperforming
bonds but with higher volatility.
U.S. equities averaged around 7% significantly outperforming
bonds but with higher volatility.