Rolling Company bonds have a coupon rate of 8.00 percent, 16 years to maturity, and a current price of $1,286. What is the YTM? The current yield?

YTM ?

Current Yield ?

A premium bond is defined as a bond that ?

1)has a duration that is less than 1.0.

2)has a face value that exceeds its market value.

3)is callable at a price which exceeds the face value.

4)has a market price that exceeds par value.

5)is selling for less than face value.

which one is correct