Question: Use the following table: Series Average return Large stocks 11.70 % Small stocks 16.40 Long-term corporate bonds 6.20 Long-term government bonds 6.10 U.S. Treasury bills
| Use the following table: |
| Series | Average return | |
| Large stocks | 11.70 | % |
| Small stocks | 16.40 | |
| Long-term corporate bonds | 6.20 | |
| Long-term government bonds | 6.10 | |
| U.S. Treasury bills | 3.80 | |
| Inflation | 3.10 | |
| a. | Determine the return on a portfolio that was equally invested in large-company stocks and long-term corporate bonds. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| b. | What was the return on a portfolio that was equally invested in small stocks and Treasury bills? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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