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Today, a bond has a coupon rate of 13.4%, par value of $1000, YTM of 8.00%, and semi-annual coupons with the next coupon due in
Today, a bond has a coupon rate of 13.4%, par value of $1000, YTM of 8.00%, 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? A rate less than 10.90% or a rate greater than 12.48% A rate equal to or greater than 10.90% but less than 11.08% A rate equal to or greater than 11.25% but less than 11.72% A rate equal to or greater than 11.72% but less than 12.48% A rate equal to or greater than 11.08% but less than 11.25%
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