A bond par value is $1,000 and the coupon rate is 5.3 percent. The bond price was $946.16 at the beginning of the year and $980.41 at the end of the year. The inflation rate for the year was 2.7 percent. What was the bond's real return for the year?

A bond par value is $1,000 and the coupon rate is 5,3 percent. The bond price was $946.16 at the beginning of the year and $980.41 at the end of the year. The inflation rate for the year was 27 percent. What was the bond's real return for the year