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A bond with 2 5 years remaining until maturity is currently trading for 1 1 1 per 1 0 0 of par value. The bond

A bond with 25 years remaining until maturity is currently trading for 111 per 100 of par value. The bond offers a 7% coupon rate with interest paid semiannually. The bond's annual yield-to-matunity is closest to:
(A)4.62%
(B)5.16%
(C)5.88%
(D)6.13%
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