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You've observed the following returns on Pine 'Computer's stock over the past five years: 1 7 percent, - 4 percent, 2 0 percent, 1 2

You've observed the following returns on Pine 'Computer's stock over the past five years: 17 percent, -4 percent, 20 percent, 12 percent, and 10 percent. Suppose the average inflation rate over this period was 2.7 percent and the average T-bill rate over the period was 5.4 percent.
a. What was the average real return on the company's stock? (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 nominal risk premium on the company's stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 1 decimal place, e.g.,32.1.)
\table[[a. Average real return,11.00,%
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