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Calculate the real return for each year. (A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to

Calculate the real return for each year. (A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Year Real return
1 %
2 %
3 %
4 %
5 %
6 %
7 %
8 %

Consider the following table for an eight-year period:

Year T-bill return Inflation
1 7.33 % 8.67 %
2 8.24 12.30
3 5.91 6.90
4 5.27 4.90
5 5.49 6.66
6 7.84 8.98
7 10.60 13.25
8 12.30 12.48

What is the average real return for Treasury bills? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Average real return for Treasury bills %

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