Consider the following information onlarge-company stocks from 1926 through 2008.

Series	Arithmetic Mean
Small-company stocks	16.4	%
Large-company stocks	11.7
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	3.1

Required:

(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

%