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problem: A Co. bond has an 8% coupon and pays interest yearly. The face value is $1,000 and the current market price is $1,020.50. The bond matures in twenty years. find out the yield to maturity?
[A] 8.00%
[B] 8.04%
[C] 8.12%
[D] 7.79%
[E] 7.82%
Basic Finance, Finance
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