Suppose you bought a 6 percent coupon bond one year ago for $920. The bond...
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Accounting
| Suppose you bought a 6 percent coupon bond one year ago for $920. The bond sells for $940 today. |
| a. | Assuming a $1,000 face value, what was your total dollar return on this investment over the past year? |
| Total dollar return | $ |
| b. | What was your total nominal rate of return on this investment over the past year? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| Nominal rate of return | % |
| c. | If the inflation rate last year was 3 percent, what was your total real rate of return on this investment? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| Real rate of return | % |
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