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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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