Question: PLEASE HELP! :) If possible, show work... I need to learn how to do this! You bought one of Great White Shark Repellant Co.'s 7.2
PLEASE HELP! :) If possible, show work... I need to learn how to do this!

You bought one of Great White Shark Repellant Co.'s 7.2 percent coupon bonds one year ago for $1,043. These bonds make annual payments and mature 10 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 6 percent. If the inflation rate was 3.6 percent over the past year, what was your total real return on investment? (Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16))
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