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he following return series comes from Global Financial Data. Year Large Stocks LT Gov Bonds US T-bills (Rf asset) CPI (inflation) 1984 31.73% 16.53% 9.90%
he following return series comes from Global Financial Data.
Year | Large Stocks | LT Gov Bonds | US T-bills (Rf asset) | CPI (inflation) |
1984 | 31.73% | 16.53% | 9.90% | 3.80% |
1985 | 18.67% | 39.03% | 7.71% | 1.10% |
1986 | 5.25% | 32.51% | 6.09% | 4.43% |
1987 | 16.61% | -8.09% | 5.88% | 4.20% |
1988 | 31.69% | 8.71% | 6.94% | 4.65% |
Calculate the average nominal return earned on large-company stocks. (Enter percentages as decimals and round to 4 decimals)
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