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Yield to Maturity and Required Returns The BrownstoneCorporation's bonds have 5 years remaining to maturity. Interest ispaid annually, the bonds have a $1,000 par value, and the couponinterest rate is 8%.A) What is the yield to maturity at a current market price of$796? Round your answer to two decimal places. % What is the yieldto maturity at a current market price of $1,067? Round your answerto two decimal places. %B) Would you pay $796 for one of these bonds if you thought thatthe appropriate rate of interest was 12% - that is, if rd =12%.C) Explain your answer.I. You would buy the bond as long as the yield to maturity atthis price is greater than your required rate of return.II. You would buy the bond as long as the yield to maturity atthis price is less than your required rate of return.III. You would buy the bond as long as the yield to maturity atthis price equals your required rate of return.IV. You would buy the bond as long as the yield to maturity atthis price does not equal your required rate of return.