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You bought some corporate bonds with 8% annual coupon one year ago for $1030. These bonds make annual payments and mature in 6 years from

You bought some corporate bonds with 8% annual coupon one year ago for $1030. These bonds make annual payments and mature in 6 years from now. You decide to sell you bonds today and the required return on the bond is 7%. If the inflation is 4.2%, what is your real return on this investment.

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