The Fountain City Co. issued $1,000 bonds a year ago. These bonds have a coupon rate of 8%. Now the prevailing market yield for bonds of this quality and maturity has increased to 10%, Fountain City's bonds will

a. have a market price less than $1,000

b. remain unaffected by the change in the market yield, and will continue to trade at $1,000

c. have a new 2% coupon issued to raise the yield to the market yield

d. have a market price greater than $1,000