Question 15

Assume that the inflation rate during the last year was 1.49 percent. US government T-bills had the nominal rates of return of 5.30 percent. What is the real rate of return for a T-bill?

Round the answer to two decimal places in percentage form

Answer:

(3.75)

%

but I keep getting 3.81 using

=5.3%-1.49%

Question 16

Large-cap stocks had the nominal rates of return of 14.96 percent. The rate of inflation during the last year was 3.38 percent. What is the real rate of return for large-cap stocks?

Round the answer to two decimal places in percentage form

Answer

(11.20)

%

but I keep getting 11.58 using =14.96%-3.38%

Can I please get the right formula to get the right answer. Preferably in excel format formula