Suppose you bought a 15 percent coupon bond one year ago for $960. The bond sells for $1,035 today.

Requirement 1:

Assuming a $1,000 face value, what was your total dollar return on this investment over the past year?

(Click to select) $225 $230 $182 $75 $245

Requirement 2:

What was your total nominal rate of return on this investment over the past year?

(Click to select) 23.44% 18.98% 27.89% 25.55% 7.81%

Requirement 3:

If the inflation rate last year was 5 percent, what was your total real rate of return on this investment? (Do not round intermediate calculations.)

(Click to select) 17.56% 20.90% 2.68% 14.22% 15.94%