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ou bought one of Great White Shark Repellant Co.'s 6.2 percent coupon bonds one year ago for $1,038 bonds today, when the required return on

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ou bought one of Great White Shark Repellant Co.'s 6.2 percent coupon bonds one year ago for $1,038 bonds today, when the required return on the bonds is 6 percent. lf the inflation rate was 2.4 percent over the past year, what was your total real return on investment? bonds make annual payments and mature 15 years from now. Suppose you decide to sell your not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16) Total real return

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