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You have just purchased a U.S. Treasury bond for $597.25. No payments will be made until the bond matures 5 years from now, at

You have just purchased a U.S. Treasury 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 will you earn on this bond? Select the correct answer. a. 12.36% b. 13.86% c. 9.36% d. 10.86% e. 7.86%

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