Youve observed the following returns on Crash-n-Burn Computers stock over the past five years: 13 percent, 8 percent, 16 percent, 16 percent, and 10 percent. Suppose the average inflation rate over this period was 1.5 percent and the average T-bill rate over the period was 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

%