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Suppose the U.S. Treasury offers to sell you a bond for $767.25. No payments will be made until the bond matures 5 years from now,

Suppose the U.S. Treasury offers to sell you a bond for $767.25. 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?

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5.44%

4.08%

5.99%

5.33%

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