Question
Today, a bond has a coupon rate of 13.2%, par value of $1000, YTM of 9.90%, and semi-annual coupons with the next coupon due in
Today, a bond has a coupon rate of 13.2%, par value of $1000, YTM of 9.90%, 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 5 years until maturity. What is the current yield of the bond today?
O A rate equal to or greater than 11.58% but less than 11.70%
A rate equal to or greater than 11.70% but less than 11.82%
O A rate less than 11.58% or a rate greater than 12.54%
A rate equal to or greater than 11.82% but less than 12.13%
O A rate equal to or greater than 12.13% but less than 12.54%
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