Average Annual Rates												Standard Deviation
	T-Bills				Inflation				Real T-Bill				T-Bills				Inflation				Real T-Bill
Full sample		3.38				2.00				0.46				3.12				4.00				3.76
19271951		0.95				1.79				0.47				1.24				6.04				6.33
19522018		4.26				3.46				0.81				3.13				2.89				2.12

(1927-2018)	Market Index				Big/ Growth				Big/ Value				Small/ Growth				Small/ Value
Mean excess return (annualized)		8.29				8.07				11.69				8.99				15.38
Standard deviation (annualized)		18.52				18.35				24.70				26.06				28.21

Suppose that the inflation rate is expected to be 2.00% in the near future using the data provided above, what would be your predictions for the following? (Round your answers to 2 decimal places.)

a.The T-bill rate?%

b.The expected rate of return on the Big/Value portfolio?%

c.The risk premium on the stock market?