Youve observed the following returns on Crash-n-Burn Computers stock over the past five years: 18 percent, 3 percent, 16 percent, 11 percent, and 10 percent. Suppose the average inflation rate over this period was 3.2 percent and the average T-bill rate over the period was 5.5 percent.

a.What was the average real return on Crash-n-Burns stock?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Average real return%

b.What was the average nominal risk premium on Crash-n-Burns stock?(Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.)

Average nominal risk premium%