Consider the following information for a period of years:

Series	Arithmetic Mean
Long-term corporate bonds	8.0%
Long-term government bonds	7.9
Inflation	3.5

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

Real return _____ %

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

Real return ______ %