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You bought one of Debarr Co.'s 8.3 percent coupon bonds one year ago for $1,180. These bonds make annual payments and mature 15 years from

You bought one of Debarr Co.'s 8.3 percent coupon bonds one year ago for $1,180. These bonds make annual payments and mature 15 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 12.0 percent. If the inflation rate was 1.8 percent over the past year, what would be your total real return on investment? Do not round intermediate computations. Round your answer to the nearest basis point (i.e. xx.xx%).

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