Problem $12-13$ Calculating Investment Returns $[$LO$1]$

You bought one of Great White Shark Repellant Company's $5$ percent coupon bonds one year ago for $$1,035.$ These bonds make annual payments and mature $10$ years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is $4$ percent. The bonds have a par value of $$1,000.$ If the inflation rate was $3$ 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$.,32\mathrm{.}16.)$

Total real return