You purchased a bond at a price of $2,400. In 10 years when the bond matures, the bond will be worth $5,000. It is exactly 4 years after you purchased the bond and you can sell the bond today for $3,000. If you hold the bond until it matures, what annual rate of return will you earn from today.

5.7 percent

9.9 percent

8.9 percent

7.6 percent

8.0 percent