Question: Compute the average real return for Treasury bills over this period. [Refer table given below]. [Negative value should be indicated by a minus sign. Give your answer to two decimal places]
Refer to the following table:
|
Year
|
T-bill return
|
Inflation
|
|
1976
|
0.0507
|
0.0486
|
|
1977
|
0.0545
|
0.0670
|
|
1978
|
0.0764
|
0.0902
|
|
1979
|
0.1056
|
0.1329
|
|
1980
|
0.1210
|
0.1252
|
|
1981
|
0.1460
|
0.0892
|
|
1982
|
0.1094
|
0.0383
|
|
1983
|
0.0899
|
0.0379
|
Do not include the percent sign (%).
Average real returns _____%