The Following Is a List of Prices for Zero-Coupon Bonds $\begin{array}{cc}\text { Maturity } & \text { Price } \\\text { (Years) } & \\1 & \$ 925.15 \\2 & 862.57 \\3 & 788.66 \\4 & 711.00\end{array}$

Multiple Choice

The following is a list of prices for zero-coupon bonds with different maturities and par values of $1,000. $\begin{array}{cc}\text { Maturity } & \text { Price } \\\text { (Years) } & \\1 & \$ 925.15 \\2 & 862.57 \\3 & 788.66 \\4 & 711.00\end{array}$

What is the yield to maturity on a 3-year zero-coupon bond?

A) 6.37%
B) 9.00%
C) 7.33%
D) 8.24%