You bought one of Rocky Mountain Manufacturing Company's 8.5 percent coupon bonds one year ago for...
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You bought one of Rocky Mountain Manufacturing Company's 8.5 percent coupon bonds one year ago for $1,053.80. These bonds make annual payments and mature eleven years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 8 percent. If the inflation rate was 4.2 percent over the past year, what would be your total real return on the investment? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Total real return % You bought one of Rocky Mountain Manufacturing Company's 8.5 percent coupon bonds one year ago for $1,053.80. These bonds make annual payments and mature eleven years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 8 percent. If the inflation rate was 4.2 percent over the past year, what would be your total real return on the investment? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Total real return %
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