Suppose that you buy a 1-year maturity bond with a coupon of 7.7% paid annually. If you buy the bond at its face value, what real rate of return will you earn if the inflation rate is 3%? 5%? 9.05%? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Negative amount should be indicated by a minus sign.)

real rate of return

3%. ___________

5%. ___________

9.05%. ___________