Suppose you read that a bond with a face value of $1,000 and a coupon of $80 per year has a yield to maturity of exactly 8%. How many years remain

Suppose you read that a bond with a face value of $1,000 and a coupon of $80 per year has a yield to maturity of exactly 8%. How many years remain until maturity?

I. Greater than 20 years.

II. Greater than 10 years but less than 20.

III. Less than 10 years.

  •  A. III only
  •  B. II only
  •  C. I only
  •  D. Cannot be computed since price is not given
  •  E. I, II, or III may be correct

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