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Consider the following table for the period from 1 9 7 3 through 1 9 8 0 . Answer is complete but not entirely correct.

Consider the following table for the period from 1973 through 1980.
Answer is complete but not entirely correct.
a. Calculate the average return for Treasury bills and the average annual inflation rate
(consumer price index) for this period. (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. (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. (A negative answer should be indicated by a
minus sign. 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? (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.)
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