Consider the following table for a seven-year period: ...
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Accounting
| Consider the following table for a seven-year period: |
| Returns | |||||
| Year | U.S. Treasury Bills | Inflation | |||
| 1 | 3.75 | % | 1.21 | % | |
| 2 | 3.60 | 2.35 | |||
| 3 | 4.50 | 1.25 | |||
| 4 | 4.92 | 0.67 | |||
| 5 | 2.72 | 6.49 | |||
| 6 | 1.60 | 9.41 | |||
| 7 | 1.33 | 1.36 | |||
| What was the average real return for Treasury bills for this time period? (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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