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Please show how to solve the following Assume these are the stock market and Treasury bill returns for a 5-year period: Year Stock Market Return

Please show how to solve the following

Assume these are the stock market and Treasury bill returns for a 5-year period:

Year Stock Market Return (%) T-Bill Return (%)
2011 0.98 0.03
2012 16.06 0.05
2013 33.06 0.07
2014 12.71 0.05
2015 0.67 0.21

a. What was the risk premium on common stock in each year? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

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