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Suppose you bought a $1,000 face value bond with a coupon rate of 4.2 percent one year ago. The purchase price was $988.2. You sold
Suppose you bought a $1,000 face value bond with a coupon rate of 4.2 percent one year ago. The purchase price was $988.2. You sold the bond today for $993. if the inflation rate last year was 1.7 percent, what was your exact real rate of return on this investment? \% Instruction: Enter your response as a percentage with two decimal places. netgative sigrs if necessary
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