1. Suppose you bought a $1,000 face value bond with a coupon rate of 3.6 percent one year ago. The purchase price was $987.2. You sold the bond today for $985.6. If the inflation rate last year was 2.1 percent, what was your exact real rate of return on this investment? ______%

2. A stock had returns of 4 percent, 13.8 percent, -8.4 percent, -3 percent, -9 percent, and 19.6 percent over the past six years. What is the geometric average return for this time period? _____%