A what was the managers total rate of return for the year b, Basic Statistics

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A what was the managers total rate of return for the year b

A portfolio manager invested $1,500,000 in bonds in 2007. In one year the market value of the bonds dropped to $1,485,000. The interest payments during the year totaled $105,000.

a. What was the manager's total rate of return for the year?

b. What was the manager's real rate of return if the inflation rate during the year was 2.3%?

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Basic Statistics: A what was the managers total rate of return for the year b

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Basic Statistics: A what was the managers total rate of return for the year b

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