Multiple Choice
Suppose the U.S.Treasury offers to sell you a bond for $597.25.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 would you earn if you bought this bond at the offer price?
A) 9.01%
B) 9.56%
C) 11.08%
D) 11.94%
E) 10.86%
Correct Answer:
Verified
Correct Answer:
Verified
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