Problem 1-12 Assume that the consensus required rate of return on common stocks is 15 percent. In addition, you read in Fortune that the expected rate of inflation is 6 percent and the estimated long-term real growth rate of the economy is 2 percent. What interest rate would you expect on US government T-bills? Round your answer to two decimal places 21.9 What is the approximate risk premium for common stocks implied by these data? Do not found intermediate calculation Round your answer to two decimal places