Which one of the following statements is true?

Select one:

a. A discount bond has a coupon rate that is greater than the bond's yield to maturity.

b. The current yield on a discount bond is equal to the bond's coupon rate.

c. A premium bond has a yield to maturity that is less than the bond's coupon rate.

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

e. The coupon rate of a par value bond will exceed the bond's current yield.