You bought one of great white shark repellant corsquos 8


You bought one of Great White Shark Repellant Co.’s 8 percent coupon bonds one year ago for $1,030. These bonds make annual payments and mature 14 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 7 percent. If the inflation rate was 4.2 percent over the past year, what was your total real return on investment? (Round your answer to 2 decimal places. (e.g., 32.16))

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Financial Management: You bought one of great white shark repellant corsquos 8
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