TABLE 6-13
S&P 500 INDEX AND 3-MONTH TREASURY BILL RATE (MTB3,%)
obs SP500 MTB3
1980 118.78 11.51
1981 128.05 14.03
1982 119.71 10.69
1983 160.41 8.63
1984 160.46 9.58
1985 186.84 7.48
1986 236.34 5.98
1987 286.83 5.82
1988 265.79 6.69
1989 322.84 8.12
1990 334.59 7.51
1991 376.18 5.42
1992 415.74 3.45
1993 451.41 3.02
1994 460.42 4.29
1995 541.72 5.51
1996 670.50 5.02
1997 873.43 5.07
1998 1085.50 4.81
1999 1327.33 4.66