Splendide 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? 7.79% 7.82% 8.00% 8.12% You purchase a high-yield, junk bond for $1,000 that pays $140 annually. After buying the bond, yields decline and you are able to reinvest the interest at only 9 percent. You reinvest the interest payment every year. How much will you have from investing in this bond when it is retired after twelve years? $1,140 $1,900 $2,820. $3,820