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Suppose that you pay $1010 for a 1 year maturity bond with a 7% coupon and a face value of $1000. What is your real

Suppose that you pay $1010 for a 1 year maturity bond with a 7% coupon and a face value of $1000. What is your real rate of return over 1 year if inflation is 3%?

The answer is supposed to be 2.85% but can't figure out how to get that answer.

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