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You bought one of Great White Shark Repellant Co.s 8.5 percent coupon bonds one year ago for $1,064. These bonds make annual payments and mature
You bought one of Great White Shark Repellant Co.s 8.5 percent coupon bonds one year ago for $1,064. 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 6 percent. If the inflation rate was 3.8 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 %
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