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8. Today, a bond has a coupon rate of 13.80%, par value of $1000, YTM of 5.20%, and semi- annual coupons with the next coupon
8. Today, a bond has a coupon rate of 13.80%, par value of $1000, YTM of 5.20%, 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? A. A rate less than 5.90% or a rate equal to or greater than 12.90% B. A rate equal to or greater than 5.90% but less than 7.90% C. A rate equal to or greater than 7.90% but less than 9.90% D. A rate equal to or greater than 9.90% but less than 10.90% E. A rate equal to or greater than 10.90% but less than 12.90%
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