5) The nominal interest rate is 6%. The inflation rate is 3%. The exact real interest rate must be A) 2.12% B) 3.85% C) 1.45% D) 2.91% 6) You hold a subordinated debenture in a firm. In the event of bankruptcy you will be paid off before which one of the following? A) preferred stock B) mortgage bonds C) senior debentures D) equipment obligation bonds