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You are given the following long-run annual rates of return for alternative investment instruments: U.S. Government T-bills Large-cap common stock Long-term corporate bonds Long-term

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You are given the following long-run annual rates of return for alternative investment instruments: U.S. Government T-bills Large-cap common stock Long-term corporate bonds Long-term government bonds Small-capitalization common stock 3.20% 11.70 5.10 4.05 13.15 The annual rate of inflation during this period was 2 percent. Compute the real rate of return on these investment alternatives. Do not round intermediate calculations. Round your answers to two decimal places. U.S. Government T-bills: Large-cap common stock: Long-term corporate bonds: Long-term government bonds: Small-capitalization common stock: Real Rate of Return

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