Please find the yield-to-maturity (YTM) of the following bond of IOU Corp. These are the IOU Corp bond characteristics:

-10 years left until maturity

-A par value of $1,000 which will be paid at maturity

-A current market price of $1,120

-Coupons of $80 per year, paid annually (thus, 10 coupons remaining)

What is the yield-to-maturity (YTM) of the above IOU Corp. bond?

		9.08%
		8.00%
		7.45%
		6.34%