(Answered) Computation of yield to maturity and the face value is 1000

Finance

Computation of yield to maturity

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%

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