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Standard Deviation Arithmetic Average Return (%) Investment Canadian common stocks 10.15 16.32 U.S.common stocks (Cdn 11.57 16.56 Long bonds 5.37 9.58 Small stocks 12.43 25.64

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Standard Deviation Arithmetic Average Return (%) Investment Canadian common stocks 10.15 16.32 U.S.common stocks (Cdn 11.57 16.56 Long bonds 5.37 9.58 Small stocks 12.43 25.64 TSX Venture stocks 7.83 41.67 Inflation 3.70 3.07 Treasury bills 5.62 3.91 a. What was the average annual return on Canadian stock from 1957 through 2014 in nominal terms? (Round the final answer to 2 decimal places.) Nominal terms b. What was the average annual return on Canadian stock from 1957 through 2014 in real terms? (Round the final answer to 2 decimal places.) Real terms

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