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You've observed the following returns on Pine Computer's stock over the past five years: - 2 7 percent, 1 5 percent, 3 3 percent, 3

You've observed the following returns on Pine Computer's stock over the past five years: -27 percent, 15 percent, 33 percent, 3 percent, and 22 percent. The average inflation rate over this period was 3.3 percent and the average T-bill rate over the period was 4.3 percent.
a. 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.
b. 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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