Suppose you bought a bond with a 6 percent coupon rate one year ago for...
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Finance
| Suppose you bought a bond with a 6 percent coupon rate one year ago for $1,010. The bond sells for $1,025 today. |
| a. | Assuming a $1,000 face value, what was your total dollar return on this investment over the past year? |
| b. | What was your total nominal rate of return on this investment over the past year? |
| c. | If the inflation rate last year was 3 percent, what was your total real rate of return on this investment? |
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