Consider the following information for a period of years:
Series Arithmetic Mean
Long-term corporate bonds 6.6 %
Long-term government bonds 6.5
Inflation 3.9
What is the real return on long-term government bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What is the real return on long-term corporate bonds?