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Suppose you bought a $ 1 , 0 0 0 face value bond with a coupon rate of 5 . 5 percent one year ago.

Suppose you bought a $1,000 face value bond with a coupon rate of 5.5 percent one year ago. The purchase price was $983.8. You sold the bond today for $985.7. If the inflation rate last year was 1.8 percent, what was your exact real rate of return on this investment?
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