12. Suppose the U.S. Treasury offers to sell you a 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 would you earn if you bought this bond at the offer price? Assume annual interest compounding. 4.37% 2 a. b. c. d. e. 4.86% 5.40% 6.00% 6.60%