Ch 7 X Save Submit Assignment for Grading ons MC.07.035 Question 4 of 12 Check My Work A 10-year bond pays an annual coupon, its YTM is 8%, and it currently trades at a premium. Which of the following statements is CORRECT? a. If the yield to maturity increases, then the bond's price will increase. b. If the yield to maturity remains at 8%, then the bond's price will remain constant over the next year. c. If the yield to maturity remains at 8%, then the bond's price will decline over the next year. d. The bond's coupon rate is less than 8%. e. The bond's current yield is less than 8%. Check My Work Olcon Key