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You've observed the following returns on Crash-n-Burn Computer'sstock over the past five years: 7 percent, -15 percent, 19 percent,37 percent, and 18 percent. Suppose the average inflation rate overthis period was 3.81 percent and the average T-bill rate over theperiod was 4.62 percent. What was the average realrisk premium over this time period?(Enter your answer as a percentage, omit the "%" sign inyour response, and round your answer to 2 decimal places. Forexample, 0.12345 or 12.345% should be entered as12.35)
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