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You have just purchased a U.S. Treasury bond for $727.25. No payments will be made until the bond matures 5 years from now, at which

You have just purchased a U.S. Treasury bond for $727.25. 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?

a. 4.58%

b. 5.58%

c. 6.58%

d. 7.58%

e. 8.58%

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