The average annual return on the S&P 500 Index from 1986 to 1995 was10.75 percent. The average annual T-bill yield during the same period was 3.85 percent. What was the market risk premium during...

The average annual return on the S&P 500 Index from 1986 to 1995 was10.75 percent. The average annual T-bill yield during the same period was 3.85 percent.

What was the market risk premium during these ten years? (Round your answer to 2 decimal places.)