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I am planning on paying $833 today for a bond that will pay $1000 in five years. It has an annual coupon rate of 4.2%.

I am planning on paying $833 today for a bond that will pay $1000 in five years. It has an annual coupon rate of 4.2%. What is the fair rate of return on the bond?

A. 8.43%

B. 5.76%

C. 6.65%

D. 7.54%

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