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