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Suppose the U.S. Treasury offers to sell you a bond for $597.25. No payments will be made until the bond matures 5 years from now,

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Suppose the U.S. Treasury offers to sell you a bond for $597.25. 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? a. 10.86% b. 9.0196 C. 9.56% d. 11.94% e. 11.08%

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