You will receive $100 from a savings bond in 2 years. The nominal interest rate is 8.40%. a. What is the present value of the proceeds from the bond? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. If the inflation rate over the next few years is expected to be 3.40%, what will the real value of the $100 payoff be in terms of today's dollars? Note: Do not round intermediate calculations, Round your answer to 2 decimal places. c. What is the real interest rate? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. d. Calculate the real payoff from the bond [from part (b)] discounted at the real interest rate [from part (c)]. Note: Do not round intermediate calculations. Round your answer to 2 decimal places