Consider the following information for a period of years.

Series	Arithmetic Mean
Large-company stocks	11.7	%
Small-company stocks	16.4
Long-term corporate bonds	7.8
Long-term government bonds	7.7
Intermediate-term government bonds	5.6
U.S. Treasury bills	3.8
Inflation	4.8

Requirement 1:

What is the real return on long-term government bonds? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Real return

%

Requirement 2:

What is the real return on long-term corporate bonds? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Real return

%