Youve observed the following returns on Doyscher Corporations stock over the past five years: 27.3 percent, 15.2 percent, 33.4 percent, 3.1 percent, and 22.1 percent. The average inflation rate over this period was 3.31 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

%