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You bought one of Great White Shark Repellant Co.%u2019s 6.4 percent coupon bonds one year ago for $1,058. These bonds make annual payments and mature
You bought one of Great White Shark Repellant Co.%u2019s 6.4 percent coupon bonds one year ago for $1,058. These bonds make annual payments and mature 13 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 2.8 percent over the past year, what was your total real return on investment? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Total real return | % |
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