Suppose a $1000 par value bond is currently trading for $1,245.19. Which of the following must be true? Select one:

a. If the yield to maturity does not change, then the price of the bond will also not change over time. b. This is a newly issued bond. c. If the yield to maturity does not change, the price of the bond will go up over time. d. If the yield to maturity does not change, the price of the bond will go down over time.