The us 5-years zero coupon treasury bonds are currently, Financial Management

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The us 5-years zero coupon treasury bonds are currently

The U.S. 5-years zero coupon Treasury bonds are currently selling at $791,031.15. No payments will be made until the bond matures 5 years from now, at which time it will be redeemed for $1,000,000. What annualized interest rate would you earn if you bought this bond at the current market price?

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