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A corporate bond has a 7% annual coupon, $1000 par value, and 27 years left to maturity. If the bond currently sells for a premium

A corporate bond has a 7% annual coupon, $1000 par value, and 27 years left to maturity. If the bond currently sells for a premium of 1100, what is the yield to maturity?

6,23%

12.45%

3.11%

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