A 10-year corporate bond has an annual coupon of 9%. The bond is currently selling at par ($1,000). Which of the following statements is CORRECT?

a. The bonds expected capital gains yield is zero.

b. The bonds yield to maturity is above 9%.

c. The bonds current yield is above 9%.

d. If the bonds yield to maturity declines, the bond will sell at a discount.

e. The bonds current yield is less than its expected capital gains yield.