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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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