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Felton Corp. 8% bonds were issued at par value 7 years ago. These bonds mature in 13 years and currently are priced to yield 6%.

Felton Corp. 8% bonds were issued at par value 7 years ago. These bonds mature in 13 years and currently are priced to yield 6%. Which of the following must be true regarding these bonds?

The coupon rate has increase since these bonds were first issued.

The yield to maturity has risen since these bonds were issued.

The current yield of these bonds is greater today than when they were issued.

None of the above

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