1. Refer to table below to answer the following questions: Average large-company Year-to-Year Total Returns 1970-1975 Year Large-Company Stocks U.S. Treasury Bills Risk Premium 1970 3.94% 6.50% 1971 14.30% 4.36% 1972 18.99% 4.23% 1973 -14.69% 7.29% 1974 -26.47% 7.99% 1975 37.23% 5.87% a. Calculate the arithmetic average returns for large-company stocks and T-bills

To receive full credit, you must show your work (for example, show formulas with numbers filled in). Please copy your final answer into the box provided. Keep all decimal places in intermediate steps, and round only your final answers to 2 decimal places. For example, \$8.31, 6.12%, and 1.35 years). 1. Refer to table below to answer the following questions: Average large-company Year-to-Year Total Returns 1970-1975 a. Calculate the arithmetic average returns for large-company stocks and T-bills