istorical returns.Calculate the arithmetic average return of U.S. Treasurybills, long-term governmentbonds, andlarge-company stocks for 1989 to 1998

1989to1998. Which had the highestreturn? Which had the lowestreturn? On the leftside, click on the Spreadsheet Learning Aid to see Table 8.1long dash

Year-by-Year Returns, 1950-1999.

What is the average return of U.S. Treasury bills for 1989 to 1998

1989to1998?

% (Round to two decimalplaces.)