(Answered) You bought one of rocky mountain manufacturing cos 875

Finance

You bought one of Rocky Mountain Manufacturing Co.'s 8.75 percent ooupon bonds one year ago for $1,049.30. These bonds make annual payments and mature eight years from now. Suppose that you decide to sell your bonds today, when the required return on the bonds is 8.25 percent. If the in?ation rate was 4.3 percent over the past year, what would be 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., 32.16.) Total real return on investment % References eBook 8. Resources

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