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Use the following table of returns from 1926 through 2017: Series Average return Large stocks 12.1 % Small stocks 16.5 Long-term corporate bonds 6.4 Long-term

Use the following table of returns from 1926 through 2017:

Series

Average return

Large stocks 12.1 %
Small stocks 16.5
Long-term corporate bonds 6.4
Long-term government bonds 6.0
U.S. Treasury bills 3.4
Inflation 3.0
a. Determine the return on a portfolio that was equally invested in large-company stocks and long-term corporate bonds. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b. What was the return on a portfolio that was equally invested in small stocks and Treasury bills? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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