Compute the current yield on a bond with a yield to maturity of 13.4%, a par value of $1000, a coupon rate of 3.4% paid semi-annually, a remaining life of 22 years? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.) Marks for this submission: 0.00/8.00. Last year, your nominal rate of return on an investment equaled 14.5%. The inflation rate for last year total 1.6%. What is your real rate of return? (Note: real rates of return can be positive or negative.) (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.) Answer: Your business manager forwards the following information to you. Your businesses earned a real rate of return of 4.2% last year and inflation for the same period was 6.9%. What was your nominal rate of return? (Note: nominal rates of retrn can be positive or negative.)