As long as the inflation rate is positive, the real rate of return on a security will be ____ the nominal rate of return.

Which one of the following statements related to capital gains is correct?    A.  The capital gains yield includes only realized capital gains. B.  An increase in an unrealized capital gain will increase the capital gains yield. C.  The capital gains yield must be either positive or equal to zero. D.  The capital gains yield is expressed as a percentage of the sales price. E.  The capital gains yield represents the total return earned by an investor. Refer to section 12.1

13.

Which of the following statements is correct in relation to a stock investment? I. The capital gains yield can be positive, negative, or zero. II. The dividend yield can be positive, negative, or zero. III. The total return can be positive, negative, or zero. IV. Neither the dividend yield nor the total return can be negative.    A.  I only B.  I and II only C.  I and III only D.  I and IV only E.  IV only Refer to section 12.1

14.	The real rate of return on a stock is approximately equal to the nominal rate of return:    A.  multiplied by (1 + inflation rate). B.  plus the inflation rate. C.  minus the inflation rate. D.  divided by (1 + inflation rate). E.  divided by (1 - inflation rate). Refer to section 12.3

15.	As long as the inflation rate is positive, the real rate of return on a security will be ____ the nominal rate of return.    A.  greater than B.  equal to C.  less than D.  greater than or equal to E.  unrelated to Refer to section 12.3