Study Inc. has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 6 years, and have a 7 percent coupon. The current price is $1,110. What is the yield to maturity?

		5.41 percent
		4.86 percent
		3.22 percent
		6.57 percent

How long will it take to double your savings at 8 percent annual rate, compounded semi-annually?

		12.15 years
		10.24 years
		6.12 years
		8.84 years