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Consider the following table for a seven-year period: Returns Year U.S. Treasury Bills Inflation 1 4.25 % 1.31 % 2 4.10 2.45 3 5.00 1.35
Consider the following table for a seven-year period:
Returns | ||||
Year | U.S. Treasury Bills | Inflation | ||
1 | 4.25 | % | 1.31 | % |
2 | 4.10 | 2.45 | ||
3 | 5.00 | 1.35 | ||
4 | 5.42 | .77 | ||
5 | 3.22 | 6.59 | ||
6 | 2.10 | 9.51 | ||
7 | 1.83 | 1.46 | ||
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.)
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