Question: Suppose you bought a $ 1 , 0 0 0 face value bond with a coupon rate of 5 . 6 percent one year ago.
Suppose you bought a $ face value bond with a coupon rate of percent one year ago. The purchase price was $ You sold the bond today for $ If the inflation rate last year was percent, what was your exact real rate of return on this investment?
Instruction: Enter your response as a percentage with two decimal places.
For example, if your answer is please only enter please do not enter or the system may not recognize the sign. You may put negative signs if necessary,
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