9.

Suppose the U.S. Treasury offers to sell you a bond for $747.25. No payments will be made until the bond matures 6 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. 6.00% b. 4.40% c. 4.98% d. 4.25% e. 22.30%