Monica buys an 8-year $1,000 par value bond today that has a 6.20% yield and a 6.20% annual payment coupon. In 1 year promised yields have risen to 7.20%. If inflation is 0.5%, Monica's 1-year holding-period real return was Round your answer to 2 decimal places. Use the percentage format, for example: if the answer is 1.55%, input 1.55