A bond has an 8 percent annual coupon and a yield to maturity equal to 7.5 percent. Which of the following statements is most correct?

Select one:

a. The bond sells at a price below par.

b. The bond has a current yield greater than 8 percent.

c. The bond price will increase when there is an increase in required discount rate.

d. If the yield to maturity remains constant, the price of the bond is expected to increase over time.

e. If the bond is callable, the YTC is a better estimate of this bonds expected return.