Consider the following information on large-company stocks for a period of years.

Series Arithmetic Mean

Large-company stocks 15.5 %

Small-company stocks 16.4

Long-term corporate bonds 6.2

Long-term government bonds 6.1

Intermediate-term government bonds 5.6

U.S. Treasury bills 3.8 Inflation 3.6

(a) What was the arithmetic average annual return in nominal terms? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

Nominal return %

(b) What was the arithmetic average annual return in real terms? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

Real return %