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Problem 1 2 - 1 3 Calculating Investment Returns [ LO 1 ] You bought one of Great White Shark Repellant Company's 8 percent coupon

Problem 12-13 Calculating Investment Returns [LO1]
You bought one of Great White Shark Repellant Company's 8 percent coupon bonds one year ago for $1,044. These bonds make annual payments and mature 13 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 6 percent. The bonds have a par value of $1,000. If the inflation rate was 3.4 percent over the past year, what was your total real return on investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Answer is complete but not entirely correct.
\table[[\table[[Total real],[return]],8.68*,]]
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