Multiple Choice
You have just purchased a U.S.Treasury bond for $747.25.No payments will be made until the bond matures 5 years from now, at which time it will be redeemed for $1,000.What interest rate will you earn on this bond?
A) 4.37%
B) 4.86%
C) 5.40%
D) 6.00%
E) 6.60%
Correct Answer:
Verified
Correct Answer:
Verified
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