The following return series comes from Global Financial Data. Year Large Stocks LT Gov Bonds US T-bills CPI (Rf asset) (inflation) 2017 21.83% 6.24% 0.80% 2.07% 2018 -5.28% -1.25% 1.81% 2.10% 2019 25.45% 3.35% 2.15% 1.10% 2020 18.16% 10.25% 4.50% 1.88% 2021 28.70% -1.54% 0.40% 7.00% 2022 -19.78% -8.55% 2.20% 6.50% Calculate the average real return earned on US T-bills. (Enter percentages as decimals and round to 4 decimals)
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The following return series comes from Global Financial Data.
| Year | Large Stocks | LT Gov Bonds | US T-bills | CPI |
| (Rf asset) | (inflation) | |||
| 2017 | 21.83% | 6.24% | 0.80% | 2.07% |
| 2018 | -5.28% | -1.25% | 1.81% | 2.10% |
| 2019 | 25.45% | 3.35% | 2.15% | 1.10% |
| 2020 | 18.16% | 10.25% | 4.50% | 1.88% |
| 2021 | 28.70% | -1.54% | 0.40% | 7.00% |
| 2022 | -19.78% | -8.55% | 2.20% | 6.50% |
Calculate the average real return earned on US T-bills. (Enter percentages as decimals and round to 4 decimals)
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