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? Pick the best answer, show how you came to that conclusion.
A. 4.37%
B. 4.86%
C. 5.40%
D. 6.00%
E. 6.60%