Question
Today, a bond has a coupon rate of 12.6%, par value of $1000, YTM of 8.50%, and semi-annual coupons with the next coupon due in
Today, a bond has a coupon rate of 12.6%, par value of $1000, YTM of 8.50%, 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 less than 10.26% or a rate greater than 11.57% A rate equal to or greater than 10.26% but less than 10.38% A rate equal to or greater than 10.92% but less than 11.57% A rate equal to or greater than 10.38% but less than 10.49% A rate equal to or greater than 10.49% but less than 10.92%
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