An 8% bond has a time-to-maturity in 20 years. The bond is sold at $1020.5. How much is this bond's YTM? [Hint: An 8% bond means that this bond has 8% coupon rate per year. Each of the coupon payments (PMT) is equal to = Face Value * Coupon Rate = $1000 * 8% = $80.] A) 8.00% B) 7.79% OC) 8.12% OD) 7.93% E) 7.39% The yield to maturity (YTM) is A) The rate that equates the price of the bond with the discounted cash flows. B) The expected rate to be earned if held to maturity. C) The rate that is used to determine the market price of the bond. D) Equal to the current yield for bonds priced at par. E) All of these