The highest rating a bond can receive from Standard and Poor's and Fitch rating agencies and still be classified as non-investment-grade bond is:

A. BB+.

B. BBB.

C. A.

Which one of the following statements is true?

A. The current yield on a par value bond will exceed the bond's yield to maturity.

B. The yield to maturity on a premium bond exceeds the bond's coupon rate.

C. None of the above.