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The following return series comes from Global Financial Data. Year Large Stocks LT Gov Bonds US T-bills (Rf asset) CPI (inflation) 2016 11.96% 1.75% 0.20%

The following return series comes from Global Financial Data.

Year Large Stocks LT Gov Bonds US T-bills (Rf asset) CPI (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%

Calculate the average risk premium earned on US T-bills. (Enter percentages as decimals and round to 4 decimals)

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