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Suppose you bought a 6 percent coupon bond one year ago for $950. The face value of the bond is $1,000. You sold the bond

Suppose you bought a 6 percent coupon bond one year ago for $950. The face value of the bond is $1,000. You sold the bond today for $994. If the inflation rate last year was 3.1percent, what was your total real rate of return on this investment?

4.88 percent

5.32 percent

7.61 percent

9.78 percent

8.47 percent

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