You have purchased a U$.$S$.$ Treasury bond for $$4,250.$ No payments will be made until the bond matures $5$ years from now, at which time it will be redeemed for $$5,000.$ What interest rate will you earn on this bond?

a$.23\mathrm{.}53\%$

b$.4\mathrm{.}15\%$

c$.3\mathrm{.}30\%$

d$.1\mathrm{.}95\%$

e$.2\mathrm{.}75\%$

What annual payment must you receive in order to earn a $7\%$ rate of return on a perpetuity that has a cost of $$4,500?$

a$.$ $$294\mathrm{.}39$

b$.$ $$337\mathrm{.}05$

c$.$ $$292\mathrm{.}95$

d$.$ $$338\mathrm{.}71$

e$.$ $$315\mathrm{.}00$