Suppose the U.S. Treasury offers to sell you a 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 would you earn if you bought this bond at the offer price?

Suppose the U.S. Treasury offers to sell you a 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 would you earn if you bought this bond at the offer price?








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