Calculating Returns Suppose you bought a 6 percent coupon bondone year agofor $1

Calculating Returns Suppose you bought a 6 percent coupon bondone year agofor $1040. The bond sells for $1063 today. a. Assuming a $1000 face value what was your totaldollar return on this invest-ment over the past year? b. What was your total nominal rate of return on thisinvestment over the past year? c. If the inflation rate last year was 3 percent whatwas your total real rate of returnon this investment?