percent and small company stocks had an average rate of return of 16.7 percent while T-bills returned an average of 3.5 percent and inflation averaged 3.0 percent. Given this, (show work 26) Over the past 88 years assume that large-company stocks had an average rate of return of 12.1 the real return on large-company stocks was: the real retiurn on small-company stocks was: the risk premium on large company stocks was the risk premium on small company stocks was