A general co bond has an 8 coupon and pays interest
A General Co. bond has an 8% coupon and pays interest annually. The face value is $1,000 and the current market price is $1,020.50. The bond matures in 20 years. What is the yield to maturity?
A. 7.24%
B. 7.79%
C. 8.04%
D. 8.12%
E. 8.54%
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