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Today, a bond has a coupon rate of 1 2 . 6 % , par value of $ 1 0 0 0 , YTM of

Today, a bond has a coupon rate of 12.6%, par value of $1000, YTM of 9.80%, 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 rate equal to or greater than 11.45% but less than 11.57% A rate equal to or greater than 11.90% but less than 12.18% A rate less than 11.45% or a rate greater than 12.18% A rate equal to or greater than 11.68% but less than 11.90% A rate equal to or greater than 11.57% but less than 11.68%

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