Consider the table for an eight-year period:

Average real return for Treasury bills

%

Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Inflation 8.65% 12.28 6.88 4.92 6.64 8.96 13.23 12.46 T-bill return 8.34 5.93 5.37 5.51 7.94 10.62 12.40 Requirement 1 Calculate the average return for Treasury bills and the average annual inflation rate (consumer price index) for this period. (Do not include the percent signs(%). Round your answers to 2 decimal places e.g., 32.16).) Average return for Treasury bills Average annual inflation rate 0 Requirement 2. Calculate the standard deviation of Treasury bill returns and inflation over this time period. (Do not include the percent signs (%). Round your answers to 2 decimal places e.g., 3216).) Standard deviation of Treasury bills Standard deviation of inflation 0 Requirement 3 (a) Calculate the real return for each year. (Do not include the percent signs (%). Negative amounts should be indicated by a minus sign. Leave no cells blank -be certain to enter "O" wherever required. Round your answers to 2 decimal places (e.g., 32.16).) Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Real return 0 0 0 0 0 0 0 0 (b) What is the average real return for Treasury bills? (Do not include the percent sign (%). Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places (e