Which of the following statements is CORRECT about a 15-year bond with a face value of $1,000 currently sells for $1,171?

Select one:

a.

The bond's current yield exceeds its yield to maturity.

b.

The bond's yield to maturity is greater than its coupon rate.

c.

The bond's current yield is equal to its coupon rate.

d.

If yield to maturity stays constant until the bond matures, its price will remain at $1,171.

e.

The bond's current yield exceeds its coupon rate