A bond with a face value of $1,000 has annual coupon payments of $100 and was issued 7 years ago. The bond currently sells for $1,000 and has 8 years remaining to maturity. This bonds ________________ must be 10%.

I. yield to maturity

II. market premium

III. coupon rate

a. I only

b. I and II only

c. III only

d. I and III only

e. I, II and III