14. You are considering an investment that has a nominal annual interest rate of 11.40 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is ____? Round the answer to two decimal places in percentage form. 15. Assume that the inflation rate during the last year was 1.44 percent. US government T-bills had the nominal rates of return of 3.20 percent. What is the real rate of return for a T-bill? Round the answer to two decimal places in percentage form. 16. Large- Cap stocks had the nominal rates of return of 10.30 percent. The rate of inflation during the last year was 2.62 percent. What is the real rate of return of large-cap stocks? Round the answer to two decimal places in percentage form.