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Calculating Investment Returns [ LO 1 ] You bought one of the Great White Shark Repellant Co . ' s 8 percent coupon bonds one

CalculatingInvestmentReturns[LO1]YouboughtoneoftheGreatWhiteSharkRepellantCo.'s8percentcouponbondsoneyearagofor$1,030.Thesebondsmakeannualpaymentsandmature14yearsfromnow.Suposseyoudecidetosellyourbondstoday.Whentherequiredreturnonthebondsis7percent.Iftheinflationratewas4.2percentoverthepastyear,whatwasyourtotalrealreturnoninvestment?

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