Igor recently purchased a 15-year, 7% semi-annual $10,000 bond priced at 103.6. He plans to hold this bond to maturity. During the next year, interest rates increased to 9.25%. Which of the following statements is TRUE?

a) Igor's yield to maturity will remain constant throughout the term of the bond.

b) The yield to maturity on Igor's bond will be higher than the yield to maturity when the bond was issued.

c) Igor will realize a taxable capital gain if he holds the bond to maturity.

d) Igor will realize a taxable capital gain if he sells the bond now.