A bond has 8 years until maturity, a coupon rate of 8%, and sells for 1,100

a. If the bond has a yield to maturity of 8% 1 year from now, what will its price be? Price $

b. What will be the rate of return on the bond? (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Rate of return %

c. If the inflation rate during the year is 3%, what is the real rate of return on the bond? (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)