You bought one of Rocky Mountain Manufacturing Company's $9$ percent coupon bonds one year ago for $$1,054\mathrm{.}80.$ These bonds

make annual payments and mature seven years from now. Suppose you decide to sell your bonds today, when the required return on

the bonds is $8\mathrm{.}5$ percent. If the inflation rate was $4\mathrm{.}4$ percent over the past year, what would be your total real return on the

investment?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$