A bond par value is $1,000 and the coupon rate is 5.7 percent. The bond price was $946.44 at the beginning of the year and $982.07 at the end of the year. The inflation rate for the year was 2.9 percent. What was the bond's real return for the year?

Multiple Choice

• 5.86%

• 9.79%

• 5.80%

• 7.14%

• 6.69%