### Consistently earned higher than normal returns in market

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##### Reference no: EM131296444

A few well publicized investors have consistently earned higher than normal returns in the market over the last decade (for example, Warren Buffett). What does this imply about the EMH? How would you explain their success?

##### Reference no: EM131296444

The real risk-free rate is 3%, and inflation is expected to be 4% for the next 2 years. A 2-year Treasury security yields 8.4%. What is the maturity risk premium for the 2-yea

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