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Suppose you bought a$1,000 face value bond with a 5 percent coupon one year ago for $1,020. The bond sells today for $986. If the
Suppose you bought a$1,000 face value bond with a 5 percent coupon one year ago for $1,020. The bond sells today for $986. If the inflation rate last year was 2.3 percent, what was your total real rate of return on this investment?
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