Which one of the following statements correctly applies to the period 1926-2013?

Large-company stocks earned a higher average risk premium than did small-company stocks.

The average inflation rate exceeded the average return on U.S. Treasury bills.

Large-company stocks had an average annual return of 14.7 percent.

Inflation averaged 2.6 percent for the period.

U.S. Treasury bills had a positive average real rate of return.