Question 728 inflation, real and nominal returns and cash flows, income and capital returns, no explanation
Which of the following statements about gold is NOT correct? Assume that the gold price increases by inflation. Gold:
(a) Pays no income cash flow.
(b) Has a real total return of zero.
(c) Has a real capital return equal to the inflation rate.
(d) Has a real income return of zero.
(e) Has a nominal income return of zero.