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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 bond's current yield is above 9%.

b. The bond's expected capital gains yield is zero.

c. The bond's current yield is less than its expected capital gains yield.

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

e. The bond's yield to maturity is above 9%.

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