Question: You have just purchased a U . S . Treasury bond for $ 5 4 7 . 2 5 . No payments will be made

You have just purchased a U.S. Treasury bond for $547.25. 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?
Select the correct answer.
a.13.91%
b.11.71%
c.10.61%
d.15.01%
e.12.81%

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