The bonds of biscuits amp gravy inc pay an 47 coupon have, Ask an Expert

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The bonds of Biscuits & Gravy, Inc. pay an 4.7 % coupon, have a 6.5 % yield to maturity, and have a face value of $1,000. The current rate of inflation is 2.1 %. What is the real rate of return on these bonds? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations).

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Financial Management, Finance

Category:- Financial Management
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