Assume that, the data given in Exhibit 3 represents the most recent data over past 17 years. Only for the US market, what would you guess for the market return to be for 2021? In other words, make a guess for the year 2021 using the data given in Exhibit 3.

US
Stock Return	Market Capitalization	Bond Return
-3.61	893,430	1.90
22.44	1,049,433	39.16
22.55	1,222,131	-0.58
6.24	1,228,621	14.22
32.23	1,554,711	29.74
17.68	1,743,364	25.21
4.74	1,800,268	-3.45
17.84	1,956,196	9.94
32.40	2,355,377	17.98
-3.49	2,186,563	6.85
29.16	2,900,656	18.17
5.90	3,074,287	8.07
10.29	3,332,434	16.94
1.56	3,296,047	-6.19
36.99	4,935,800	31.54
21.29	5,926,178	-1.44
34.41	8,003,025	14.51

US Stock Return -3.61 22.44 22.55 6.24 32.23 17.68 4.74 17.84 32.40 -3.49 29.16 5.90 10.29 1.56 36.99 21.29 34.41 Market Bond Capitalization Return 893,430 1.90 1,049,433 39.16 1,222, 131 -0.58 1,228,621 14.22 1,554,711 29.74 1,743,364 25.21 1,800,268 -3.45 1,956, 196 9.94 2,355,377 17.98 2,186,563 6.85 2,900,656 18.17 3,074,287 8.07 3,332,434 16.94 3,296,047 -6.19 4,935,800 31.54 5,926,178 -1.44 8,003,025 14.51 US Stock Return -3.61 22.44 22.55 6.24 32.23 17.68 4.74 17.84 32.40 -3.49 29.16 5.90 10.29 1.56 36.99 21.29 34.41 Market Bond Capitalization Return 893,430 1.90 1,049,433 39.16 1,222, 131 -0.58 1,228,621 14.22 1,554,711 29.74 1,743,364 25.21 1,800,268 -3.45 1,956, 196 9.94 2,355,377 17.98 2,186,563 6.85 2,900,656 18.17 3,074,287 8.07 3,332,434 16.94 3,296,047 -6.19 4,935,800 31.54 5,926,178 -1.44 8,003,025 14.51