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Consider the following information on different asset classes from 1926 throux Series Arithmetic Mean 12.1% 16.5 6.4 6.0 Large-company stocks Small-company stocks Long-term corporate bonds

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Consider the following information on different asset classes from 1926 throux Series Arithmetic Mean 12.1% 16.5 6.4 6.0 Large-company stocks Small-company stocks Long-term corporate bonds Long-term government bonds Intermediate-term government bonds U.S. Treasury bills Inflation 5.2 3.4 3.0 What was the arithmetic average annual return on large-company stocks in real terms

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