introduction to corporate finance, fin 430 ,which is the answer

11. Min Country Club has bonds outstanding that pay a 6 percent coupon, have a 5.47 percent yield to maturity, and a face value of RM1,000. The current rate of inflation is 3.2 percent. What is the real rate of return on these bonds? (2 marks) a. 0.53 percent b. 2.20 percent c. 2.27 percent d. 2.71 percent