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Consider the following table for a seven-year period: Returns Year U.S. Treasury Bills Inflation 1 4.15 % 1.29 % 2 4.00 2.43 3 4.90 1.33

Consider the following table for a seven-year period:

Returns
Year U.S. Treasury Bills Inflation
1 4.15 % 1.29 %
2 4.00 2.43
3 4.90 1.33
4 5.32 .75
5 3.12 6.57
6 2.00 9.49
7 1.73 1.44

What was the average real return for Treasury bills for this time period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Average real return %

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