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What was the average annual return on large-company stock from 1926 through 2016 in nominal terms? (Do not round intermediate calculations and enter your answer

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What was the average annual return on large-company stock from 1926 through 2016 in nominal terms? (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 average annual return on large-company stock from 1926 through 2016 in real terms? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
TABLE 12.2 Average Annual Returns: 1926-2016 Investment Average Return 12.0% Large-company stocks Small-company stocks 16.6 6.3 Long-term corporate bonds Long-term government bonds 6.0 U.S. Treasury bills 3.4 3.0 Inflation Source: Morningstar, 2017, author calculations

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