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You are given the following long-run annual rates of return for alternative investment instruments: U.S. Government T-bills 3.15 % Large-cap common stock 11.70 % Long-term

You are given the following long-run annual rates of return for alternative investment instruments:

U.S. Government T-bills 3.15 %
Large-cap common stock 11.70 %
Long-term corporate bonds 5.10 %
Long-term government bonds 4.65 %
Small-capitalization common stock 12.60 %

The annual rate of inflation during this period was 3 percent. Compute the real rate of return on these investment alternatives. Do not round intermediate calculations. Round your answers to two decimal places.

Real Rate of Return
U.S. Government T-bills: %
Large-cap common stock: %
Long-term corporate bonds: %
Long-term government bonds: %
Small-capitalization common stock: %

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