An investment offers a total return of 13 percent over the coming year. Janice Yellen thinks the total real return on this investment will be only 8 percent.

What does Janice believe the inflation rate will be over the next year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Inflation Rate: __?__%

Say you own an asset that had a total return last year of 11.8 percent. If the inflation rate last year was 7.1 percent, what was your real return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Real Return:___?__%