The bonds issued by Slickster Co. bear an 8 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity?

a. 7.87 percent

b. 7.92 percent

c. 8.08 percent

d. 8.69 percent

e. 9.20 percent

Which one of these is correct?