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

SeriesArithmetic MeanLarge-company stocks14.9%Inflation4.8

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

Real return%