TABLE $12\mathrm{.}2$ Average Annual Returns: $1926-2019$

Investment Average Return

Large$-$company stocks $12\mathrm{.}1\%$

Small$-$company stocks $16\mathrm{.}3$

Long$-$term corporate bonds $6\mathrm{.}4$

Long$-$term government bonds $6\mathrm{.}0$

U$.$S$.$ Treasury bills $3\mathrm{.}4$

Inflation $2\mathrm{.}9$

a$.$ What is the historical real return on long$-$term government bonds? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the historical real return on long$-$term corporate bonds? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$