FIGURE 12.10 Histoncal Returns, standard Deviations, and Frequency DIStributions: 192 - 013 Average Return Standard Deviation Frequency Distribution Series Large-company stocks 12.1 % 20.2% lal Small-company stocks 16.9 32.3 lIN Long-term corporate bonds 6.3 8.4 Long-term government 5.9 9.8 bonds Intermediate-term 5.4 5.7 government bonds U.S. Treasury bills 3.5 Inflation 3.0 The 1933 small-company stocks total return was 142.9 percent SOURCE: Modified from Stocks, Bonds, Bills, and Inflation: 2014 YearbookTM, annually updates work by Roger G. Ibbotson and Rex A. Sinquefield