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7. 1000 points You did not receive full credit for this question in a previous attempt You bought one of Great White Shark Repellant Co.'s

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7. 1000 points You did not receive full credit for this question in a previous attempt You bought one of Great White Shark Repellant Co.'s 5.6 percent coupon bonds one year ago for $1,051 These bonds make annual payments and mature 10 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 4.5 percent. If the inflation rate was 4.2 percent over the past year, what was your total real return on investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places e.g, 32.16) Total real return 7.38 %

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