Suppose you bought a $1,000 face value bond with a coupon rate of 3.4 percent one year ago. The purchase price was $983.5. You sold the bond today for $987.5. If the inflation rate last year was 2.4 percent, what was your exact real rate of return on this investment? ______%

Instruction: Enter your response as a percentage with two decimal places.

For example, if your answer is 0.1213=12.13%, please only enter "12.13", please do not enter "0.1213" or "12.13%", the system may not recognize the % sign. You may put negative signs if necessary,