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QUESTION
Suppose you bought an 8% coupon bond one year ago for $1,090. The bond sells for $1,063 today.
Suppose you bought an 8% coupon bond one year ago for $1,090. The bond sells for $1,063 today.* Assuming a $1,000 face value, what was your total dollar return on this investment over the past year?* What was your total nominal rate of return on this investment over the past year?* If the inflation rate last year was 3%, what was your total real rate of return on this investment? (show work please)
