Problem:
You purchased one EAW, Inc. 6 percent coupon bond one year ago for $1,020. The bond makes annual payments and matures four years from now. You sell the bond today when the required return is 5 percent. The inflation rate was 2.8 percent over the past year.
Required:
Question: What was the real return on your investment?
Note: Please solve the given numerical and provide appropriate solution.