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

Series	Arithmetic Mean
Large-company stocks	14.7 %
Inflation	4.6

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: ______ %