1. What is the nominal price of an orange in 25 years if the real price is $3, and the inflation rate is 2.5%?

		$3.08
		$5.43
		$4.56
		$5.56

2. The yield on a bond is 12% and inflation is expected to be 3%. Calculate the real interest rate on the bond.

		9%
		8.74%
		8.04%
		9.28%

3. What is the real price of an orange in 10 years if the nominal price is $1.50, and the inflation rate is 4%?

		$1.50
		$2.22
		$1.01
		$1.41