You bought one of Great White Shark Repellant Co.s 7 percent coupon bonds one year ago for $1,045. These bonds make annual payments and mature 12 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 6 percent.

If the inflation rate was 3.2 percent over the past year, what was your total real return on investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Total real return

????? %

Nobody can seem to find the right answer for me, someone please help :)