(1 + Nominal interest rate)=(1 + Real rate of return × (1 + Inflation rate)

(1 + Nominal interest rate) = (1 + 3.03%) + ( 1 + 4.68%)

(1 + Nominal interest rate) = 1.0303 × 1.0468

(1 + Nominal interest rate) = 1.07851804

Nominal interest rate = 1.07851804 - 1

Nominal interest rate = 0.07851804

Nominal interest rate = 7.851804% or 7.85%

The actual nominal rate of return on these bonds is 7.85%.