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You buy a bond at the price of $1,021.61. The bond has face value of $1000 and pays $80 in interest annually. And the bond

You buy a bond at the price of $1,021.61. The bond has face value of $1000 and pays $80 in interest annually. And the bond matures in 10 years. What is the yield to maturity?

	A.	6.71 percent
	B.	7.68 percent
	C.	8.80 percent
	D.	9.26 percent
	E.	7.88 percent

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