The following return series comes from Global Financial Data. Year Large Stocks LT Gov Bonds US T-bills CPI (Rf asset) (inflation) 2016 11.96% 1.75% 0.20% 2.07% 2017 21.83% 6.24% 0.80% 2.11% 2018 -4.38% -0.57% 1.81% 1.91% 2019 22.35% 1.35% 2.20% 1.40% 2020 18.16% 10.25% 0.75% 1.88% 2021 28.70% -1.54% 0.81% 7.00%

Calculate

Using the approximate fisher equation, calculate the average real return earned on large-company stocks.

the average risk premium earned on large-company stocks.

Using the approximate fisher equation, calculate the average real risk premium earned on large-company stocks.

the average real return earned on US T-bills.

the average rate of inflation.