7. Today, a bond has a coupon rate of 13.1%, par value of $1000, YTM of 8.60%, 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 4 years until

maturity. What is the current yield of the bond today?

O A rate equal to or greater than 11 49% but less than 11.65%

O A rate equal to or greater than 11.99% but less than 12.50%

O rate less than 11.30% or a rate greater than 12.50%

O A rate equal to or greater than 11.65% but less than 11.99%

O A rate equal to or greater than 11.30% but less than 11 49%