A 10-year bond pays an annual coupon, its YTM is 8%, and it currently trades at a premium. Which of the following statements is CORRECT?

Select one:

a. If the yield to maturity remains at 8%, then the bonds price will decline over the next year.

b. The bonds coupon rate is less than 8%.

c. The bonds current yield is less than 8%.

d. If the yield to maturity increases, then the bonds price will increase.

e. If the yield to maturity remains at 8%, then the bonds price will remain constant over the next year.