You have just purchased a U.S. Treasury bond for $747.25. 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. 4.37%
B. 4.86%
C. 5.40%
D. 6.00%
E. 6.60%
Answer: D
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