a. In nominal terms b. In real terms? 6. Bond Returns What is the historical real return on long-term government bonds? On long-term corporate bonds? Calculating Returns and Variability variances, and the standard deviations for X andY 7. Using the following returns, calculate the average returns, the RETURNS YEAR 34% 12 17 -23 17 23% 14 -16 19 rn