Using the data in the table

a. What was the average annual return of Microsoft stock from 2005-2017?

b. What was the annual volatility for Microsoft stock from 2005-2017?

a. What was the average annual return of Microsoft stock from 2005-2017?

The average annual return is ____%. (Round to two decimal places.)

b. What was the annual volatility for Microsoft stock from 2005-2017?

The annual volatility of returns is _____%. (Round to two decimal places.)

Year End	S&P 500 Index	Dividends Paid*	S&P 500 Realized Return	Microsoft Realized Return	1-Month T-Bill Return
2004	1211.92
2005	1248.29	23.15	4.90%	-0.90%	3.00%
2006	1418.3	27.16	15.80%	15.80%	4.80%
2007	1468.36	27.86	5.50%	20.80%	4.70%
2008	903.25	21.85	-37.00%	-44.40%	1.50%
2009	1115.1	27.19	26.50%	60.50%	0.10%
2010	1257.64	25.44	15.10%	-6.50%	0.10%
2011	1257.61	26.59	2.10%	-4.50%	0.00%
2012	1426.19	32.67	16.00%	5.80%	0.10%
2013	1848.36	39.75	32.40%	44.30%	0.00%
2014	2058.9	42.47	13.70%	27.60%	0.00%
2015	2043.94	43.45	1.40%	22.70%	0.00%
2016	2238.83	49.56	12.00%	15.10%	0.20%
2017	2673.61	53.99	21.80%	40.70%	0.80%