Which of the following statement is most correct?

1. If a bond yield to maturity exceeds its coupon rate, the bonds current yield must also exceed its coupon rate.
2. If a bonds yield to maturity exceeds its coupon rate, the bonds price must be less than its maturity value.
3. If two bonds have the same maturity, the same yield to maturity, and the same level of risk, the bonds should sell the same price regardless of the bonds coupon rate
4. Answers B and C are correct.
5. Both A and B are correct

Chris reuses to retire until her retirement account has a balance of at least $300,000. Chris also refuses to make any additional deposits into the account. The account currently has a balance of $100,000 and earns 4% per year, compounded quarterly.

1. 24 years and 3 months
2. 27 years and 7 months
3. 29 years
4. 119 years