Problem:
Suppose you bought a 6.2 percent coupon bond one year ago for $900. The bond sells for $930 today.
Requirement:
Question 1: Assuming a $1,000 face value, what was your total dollar return on this investment over the past year?
Question 2: What was your total nominal rate of return on this investment over the past year?
Question 3: If the inflation rate last year was 2 percent, what was your total real rate of return on this investment?
Note: Please provide through step by step calculations.