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    A General Co. bond has an 8 percent coupon

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    A General Co. bond has an 8 percent 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? (Answer format x.xx).

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    https://brainmass.com/business/bond-valuation/yield-maturity-face-value-current-market-price-168363

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    A General Co. bond has an 8 percent 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? (Answer format x.xx).

    We need to calculate how much the bonds have been issued by using the formula as follows: ...

    Solution Summary

    This solution is comprised of a detailed explanation to answer what is the yield to maturity of General Co.'s bond (see attachment).

    $2.19

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