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Suppose you bought a 8.4 percent (annually)coupon bond one year ago for $960. The bond sells for $960 today.(Do not round intermediate calculations and round

Suppose you bought a 8.4 percent (annually)coupon bond one year ago for $960. The bond sells for $960 today.(Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))

a.

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

Total dollar return $

b.

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

Nominal rate of return %

c.

If the inflation rate last year was 2.5 percent, what was your total real rate of return on this investment?

Real rate of return %

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