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2 points Save Answer Next Question Today, a bond has a coupon rate of 12.9%, par value of $1000, YTM of 9.40%, and semi-annual coupons

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2 points Save Answer Next Question Today, a bond has a coupon rate of 12.9%, par value of $1000, YTM of 9.40%, and semi-annual coupons with the next coupon due in 6 months. One year ago, the bond's price was $1,281.05 and the bond had 7 years until maturity. What is the current yield of the bond today? A rate equal to or greater than 11.41% but less than 11.94% A rate equal to or greater than 10.92% but less than 11.05% A rate less than 10.79% or a rate greater than 11.94% A rate equal to or greater than 11.05% but less than 11.41% A rate equal to or greater than 10.79% but less than 10.92%

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