5) You purchased a bond at a price of $2400. In 10 years when the bond matures, the bond will be worth $5000. It is exactly 4 years after you purchased the bond and you can sell the bond today for $3000. If you hold the bond until it matures, what annual rate of return will you earn from today? 5) _______

A) 5.7 percent

B) 9.9 percent

C) 8.0 percent

D) 8.9 percent

E) 7.6 percent