You bought one of Bergen Manufacturing Co.s 7.5 percent coupon bonds one year ago for $1,056.08. These bonds make annual payments and mature six years from now. Suppose you decide to sell your bonds today when the required return on the bonds is 6.5 percent.

What will be your total real return on the investment? Assume the inflation rate is 3.2 percent. (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Total real return

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