1. Say you own an asset that had a total return last year of 10.5 percent. If the inflation rate last year was 5.5 percent, what was your real return? -4.52% 4.74% 4.84% 4.64% 4.94%

2. Ashes Divide Corporation has bonds on the market with 19 years to maturity, a YTM of 11.0 percent, and a current price of $1,166.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.11.24% 26.25% 13.11% 13.21% 22.50%)

3. Ackerman Co. has 11 percent coupon bonds on the market with twelve years left to maturity. The bonds make annual payments. If the bond currently sells for $1,293.92, what is its YTM? Assume a par value of $1,000.12.20% 10.11% 15.23% 7.25% 17.23%.