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You ve observed the following returns on Pine Computer s stock over the past five years: 2 4 . 3 percent, 1 3 . 2

Youve observed the following returns on Pine Computers stock over the past five years: 24.3 percent, 13.2 percent, 29.4 percent, 2.1 percent, and 21.1 percent. The average inflation rate over this period was 3.21 percent and the average T-bill rate over the period was 4.3 percent.
What was the average real risk-free rate over this time period?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
What was the average real risk premium?
Note: 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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