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QUESTION 1 . Today, a bond has a coupon rate of 1 2 . 2 % , par value of $ 1 0 0 0

QUESTION 1. Today, a bond has a coupon rate of 12.2%, par value of $1000, YTM of 9.70%, 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?2. A rate equal to or greater than 11.39% but less than 11.59% A rate equal to or greater than 11.59% but less than 11.82% A rate equal to or greater than 11.30% but less than 11.39% A rate equal to or greater than 11.18% but less than 11.30% A rate less than 11.18% or a rate greater than 11.82%

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