Problem 12-13 Calculating Investment Returns (LO1] You bought one of Great White Shark Repellant Company's 6.2 percent c

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Problem 12 13 Calculating Investment Returns Lo1 You Bought One Of Great White Shark Repellant Company S 6 2 Percent C 1 (45.91 KiB) Viewed 24 times

Problem 12-13 Calculating Investment Returns (LO1] You bought one of Great White Shark Repellant Company's 6.2 percent coupon bonds one year ago for $1,038. These bonds make annual payments and mature 15 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 6 percent. The bonds have a par value of $1,000. If the inflation rate was 2.4 percent over the past year, what was your total real return on investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Total real return %