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You bought one of Great White Shark Repellant Co.'s 10 percent coupon bonds one year ago for $780. These bonds make annual payments and mature

You bought one of Great White Shark Repellant Co.'s 10 percent coupon bonds one year ago for $780. These bonds make annual payments and mature 5 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 13 percent. IF the inflation rate was 3 percent over the past year, what was your total real return on investment?

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