Consider the following information for a period of years:

Arithmetic Mean

Long$-$term government bonds $6\mathrm{.}9\%$

Long$-$term corporate bonds $7\mathrm{.}0$

Inflation $3\mathrm{.}8$

What is the real return on long$-$term government bonds?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

What is the real return on long$-$term corporate bonds?