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Harriet purchased a 10-year corporate bond in 2018. At the time, the bond sold for $1,122. The current price of the bond is $985. If

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Harriet purchased a 10-year corporate bond in 2018. At the time, the bond sold for $1,122. The current price of the bond is $985. If the bond offers an annual coupon rate of 8% and the bond has always been priced correctly, what do you know about the yield to maturity (YTM) in 2018 and today? YTM is 2018 was greater than 8%, current YTM is less than 8% O YTM in 2018 was less than 8%, current YTM is greater than 8% YTM in 2018 was greater than 8%, current YTM is greater than 8% YTM in 2018 was less than 8%, current YTM is less than 8%

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