Suppose you bought a 7 percent coupon bond one year ago for $860. The bond sells for $890 today.

Suppose you bought a 7 percent coupon bond one year ago for $860. The bond sells for $890 today.
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? (Round your answer to 2 decimal places. (e.g., 32.16))
Nominal rate of return %
c.
If the inflation rate last year was 1.5 percent, what was your total real rate of return on this investment? (Round your answer to 2 decimal places. (e.g., 32.16))
Real rate of return %

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