Problem 7-14 Nominal and Real Returns (L04] An investment offers a total return of 10 percent over the coming year. Janice Yellen thinks the total real return on this investment will be only 6 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 % Suppose the real rate is 2.9 percent and the inflation rate is 4.5 percent. What rate would you expect to see on a Treasury bill? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Treasury bill rate % Say you own an asset that had a total return last year of 10.9 percent. If the inflation rate last year was 5.3 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 %