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Suppose you bought a $1,000 face value bond with a coupon rate at 5.6% one year ago. The purchase price was $987.50. You sold the

Suppose you bought a $1,000 face value bond with a coupon rate at 5.6% one year ago. The purchase price was $987.50. You sold the bond today for $994.20. If the inflation rate last year was 2.6%, what was your exact real rate of return on this investment?

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