Consider the following information on different asset classes from 1926 through 2011.

Series	Arithmetic Mean
Large-company stocks	11.8	%
Small-company stocks	16.5
Long-term corporate bonds	6.4
Long-term government bonds	6.1
Intermediate-term government bonds	5.5
U.S. Treasury bills	3.6
Inflation	3.1

Required:

(a)	What was the arithmetic average annual return on large-company stocks in nominal terms?(Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimalplaces(e.g., 32.16).)

Nominal return

%

(b)	What was the arithmetic average annual return on large-company stocks in real terms?(Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimalplaces(e.g., 32.16).)

Real return

%