You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 12 percent, –9 percent, 20 percent, 17 percent, and 10 percent. Suppose the average inflation rate over this period was 3.2 percent and the average T-bill rate over the period was 4.9 percent.

What was the average real risk-free rate over this time period? (Round your answer to 2 decimal places. (e.g., 32.16)

Average real risk-free rate           %

What was the average real risk premium? (Round your answer to 2 decimal places. (e.g., 32.16))

Average real risk premium           %