Youve observed the following returns on Doyscher Corporations stock over the past five years: 12 percent, 21 percent, 27 percent, 6 percent, and 17 percent. The average inflation rate over this period was 3.2 percent and the average T-bill rate over the period was 4.3 percent.

Required:

(a)

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

Average real return _________ %

(b)	What was the average nominal risk premium on the stock? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Average nominal risk premium ________%