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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
You bought one of Austi Arts Co.'s 7 percent coupon bonds one year ago for 979$. These bonds make annual payments and mature eight years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 6.8 percent. If the inflation rate was 3.4 percent over the past year, what would be your total real return on the investment?
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