Suppose you bought a bond with a coupon rate of 7.8 percent one year ago for $901. The bond sells for $934 today.

Required:

(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? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

  Total nominal rate of return      %

(c) If the inflation rate last year was 4.3 percent, what was your total real rate of return on this investment? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

  Total real rate of return               %