Given the following information,calculate the equity risk premium for small-company stocks. (Enter percentages as decimals and round to 4 decimals).
Small-company stocks average return: 16.5%
Large-company stocks average return: 11.9%
Long-term government bonds average return: 6.3%
U.S. Treasury Bills average return: 3.5%
Inflation 3.0%
Please show your work.