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You bought one of Rocky Mountain Manufacturing Company's 5.1 percent coupon bonds one year ago...

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Accounting

You bought one of Rocky Mountain Manufacturing Company's 5.1 percent coupon bonds one year ago for $1,006.50. These bonds make annual payments and mature nine years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 4.9 percent. If the inflation rate was 27 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.,3216.
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