Multiple Choice
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) 7.79%
B) 7.82%
C) 8.00%
D) 8.04%
E) 8.12%
Correct Answer:
Verified
Correct Answer:
Verified
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