Last year, your nominal rate of return on an investment equaled 12.8%. The inflation rate for last year total 3.9%. What is your real rate of return? (Note: real rates of return can be positive or negative.) (Round to 100 th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.) Answer: Your business manager forwards the following information to you. Your businesses earned a real rate of return of 7.3% last year and inflation for the same period was 8.1%. What was your nominal rate of return? (Note: nominal rates of return can be positive or negative.) (Round to 100 th of a percent and enter as a percentage, e.g. 12.34% as 12.34.) Answer: What is the market price of a bond with a maturity of 22 years, a coupon rate of 7.6% paid semi-annually, a par value of $1000, and a yield to maturity of 8.0%. (Round your answer to the nearest penny; enter your answer as a positive number, no $ sign.)