You bought one of Great White Shark Repellant Co.'s 8 percent coupon bonds one year ago for $1,059. These bonds make annual payments and mature 10 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 7 percent. The bonds have a par value of $1,000.

If the inflation rate was 4.8 percent over the past year, what was your total real return on investment?

Total Real Return: ___?___%