Today, a bond has a coupon rate of 14.0%, par value of $1000, YTM of 8.40%, 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 6 years until maturity. What is the current yield of the bond today?

1. 		A rate equal to or greater than 11.87% but less than 12.76%
   		A rate less than 11.00% or a rate greater than 12.76%
   		A rate equal to or greater than 11.00% but less than 11.16%
   		A rate equal to or greater than 11.16% but less than 11.32%
   		A rate equal to or greater than 11.32% but less than 11.87%