You bought one of Great White Shark Repellant Company$$s $8$ percent coupon bonds one year ago for $$760.$ These bonds make annual payments and mature $11$ years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is $9$ percent. If the inflation rate was $3\mathrm{.}5$ percent over the past year, what was your total real return on investment?

Multiple Choice

$28\mathrm{.}65\%$

$37\mathrm{.}81\%$

$28\mathrm{.}75\%$

$30\mathrm{.}08\%$

$18\mathrm{.}48\%$