Ruzgar Inc., bonds were selling at $1,040 a year ago. A friend of yours invested into this bond and just received a $100 coupon payment. She sold the bond today for $1,200.If the inflation rate for the last year was 12%, what is the real rate of return she earned? (Do not use the approximate solution formula)

Answer rating: 100% (QA)

To calculate the real rate of return earned by your friend well use the following steps Calculate th... View the full answer