Question: A bond par value is $ 2 , 0 0 0 and the coupon rate is 6 . 2 percent. The bond price was $

A bond par value is $2,000 and the coupon rate is 6.2 percent. The bond price was $1,946.75 at the beginning of the year and $1,983.62 at the end of the year. The inflation rate for the year was 2.5 percent. What was the bond's real return for the year?

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