Historical

returns.

Calculate the arithmetic average return of U.S. Treasury bills, long-term government bonds, and large-company stocks for

1987 to 1996.

Which had the highest return? Which had the lowest return? Click on "Get more help" menu, then select "Spreadsheet" to see Table 8.1-Year-by-Year Returns, 1950-1999.

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Part 1

What is the average return of U.S. Treasury bills for

1987 to 1996?

5.535.53%

(Round to two decimal places.)

Part 2

What is the average return of long-term government bonds for

1987 to 1996?

9.779.77%

(Round to two decimal places.)

Part 3

What is the average return of large-company stocks for

1987 to 1996?

(Round to two decimal places.)