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You bought one of Ewha crops 1 2 % coupon bonds one year ago for $ 1 , 0 5 0 . These bonds make

You bought one of Ewha crops 12% coupon bonds one year ago for $1,050. These bonds make annual payments and mature 6 years from now. Suppose you decide to sell your bonds today when the required return on the bonds is 8%. If the inflation rate was 4% over the past year, what was your total real return on investment?

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