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Consider the following information on different asset classes from 1926 through 2017. Series Large-company stocks Small-company stocks Long-term corporate bonds Long-term government bonds Intermediate-term government

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Consider the following information on different asset classes from 1926 through 2017. Series Large-company stocks Small-company stocks Long-term corporate bonds Long-term government bonds Intermediate-term government bonds U.S. Treasury bills Inflation Arithmetic Mean 12.1% 16.5 6.4 6.0 5.2 3.4 3.0 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.) b. What is the real return on long-term corporate bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) Answer is not complete. a. % Real return Real return b. 3.30

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