Consider the following table for an eight-year period:

Year	T-bill return	Inflation
1	7.34%	8.66%
2	8.29	12.29
3	5.92	6.89
4	5.32	4.91
5	5.50	6.65
6	7.89	8.97
7	10.61	13.24
8	12.35	12.47

Calculate the average return for Treasury bills and the average annual inflation rate (consumer price index) for this period.

Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.

Calculate the standard deviation of Treasury bill returns and inflation over this time period.

Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.

Calculate the real return for each year.

Note: A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.

What is the average real return for Treasury bills?

Consider the following table for an eight-year period: a. Calculate the average return for Treasury bills and the average annual inflation rate (consumer price index) for this period. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. b. Calculate the standard deviation of Treasury bill returns and inflation over this time period. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. c. Calculate the real return for each year. Note: A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places e.g., 32.16 d. What is the average real return for Treasury bills? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Answer is not complete