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Consider the following table for a seven-year period: Returns Year U.S. Treasury Bills Inflation 1 3.35 % 1.13 % 2 3.20 2.27 3 4.10 1.17
Consider the following table for a seven-year period:
Returns | ||||
Year | U.S. Treasury Bills | Inflation | ||
1 | 3.35 | % | 1.13 | % |
2 | 3.20 | 2.27 | ||
3 | 4.10 | 1.17 | ||
4 | 4.52 | .59 | ||
5 | 2.32 | 6.41 | ||
6 | 1.20 | 9.33 | ||
7 | .93 | 1.28 |
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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