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A corporate bond with a face value of $1,000 matures in 4 years and has a coupon rate of 6.25 percent. The current price of

A corporate bond with a face value of $1,000 matures in 4 years and has a coupon rate of 6.25 percent. The current price of the bond is $932 and interest is paid semiannually. If inflation averaged 3.26 percent, what was the real rate of return?

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