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A 15-year bond with a face value of $1,000 currently sells for $850. Which of the following statements is CORRECT? Select one: a. The bond's

A 15-year bond with a face value of $1,000 currently sells for $850. Which of the following statements is CORRECT? Select one:

a. The bond's coupon rate exceeds its current yield.

b. The bond's current yield exceeds its yield to maturity.

c. The bond's yield to maturity is greater than its coupon rate.

Explain your choice please

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